The Owner Builder Magazine
Available through newsagents nationwide, Owner Builder Magazine is a well-established magazine for Owner Builders and those planning to become one. Issues are packed with information from virtually everything you need to know, planning to construction. Get inside the world of Owner Builder as the Owner Builder Magazine has put together a friendly and inviting take on Owner Building.
Get in the loop and get to know the Owner Building community. Sneak a peek at updates, news and interesting facts that can get you through your next Owner Builder Project.
Building a new home or making major renovations to your residential building can be a great long term investment. If well planned, the project will not only lead to significant financial savings but will also increase the value of your property. One of the most important aspects to consider when embarking on a new home or renovation project is insurance. Having a comprehensive insurance cover for your project will protect you against exposure to injuries, damages and financial implications that may occur on site. However, it’s important to understand the types of insurance covers and policies that can perfectly take care of your needs.
Here are some of the major insurance covers Owner Builder Magazine recommends:
-Site Insurance: This type of insurance covers unexpected events like fire, floods, theft of materials third party injury and property damage. Majority of the policies cover 12 months but may be extended.
-Voluntary Workers Insurance: It is used to cover family and friends who volunteer to work on site as labor for free. Public liability only covers innocent parties (not involved in the project) and contractors working on site. Hence voluntary workers insurance cover can be great if you’re planning to work with relatives.
-Personal Accident Insurance: This cover protects the owner builder against death or permanent disability caused by accidental injury or sickness. Its policy may also include cover for broken bones due to accident and weekly benefits for temporary or partial disablement.