How To Get An Owner Builder Insurance Quote - Owner Builder Club

How To Get An Owner Builder Insurance Quote

How to get an Insurance Quote

You've landed here so you must be keen to learn about a topic that might be a bit dry but is incredibly important: How to get an Owner Builder Insurance quote.

Now, before you hit the snooze button, let's put it this way – imagine you're constructing your dream home or working on a renovation project, and something unforeseen happens. A storm damages your work-in-progress, or someone gets injured on-site.

Sounds like a nightmare, right?

Well, that's where owner builder insurance steps in, turning those nightmares into mere hiccups on your journey to creating your dream space.

Understanding Owner Builder Insurance

If you know this one already, then you can skip to the next part.

In simple terms, it's your safety net. It's an insurance policy designed specifically for those brave souls who decide to take on the mammoth task of managing their own construction or renovation projects.

As an owner builder, you're stepping into the shoes of a professional builder. That means the risks that builders deal with daily, like worksite accidents or construction delays due to bad weather, are now on your plate too.

You might be thinking, “Well, I'll just be extra careful.” And while I have no doubt about your caution and meticulousness, some things are simply out of our control.

That's where insurance comes in – it's like your own personal superhero, swooping in to save the day when those unexpected disasters strike. It could cover anything from public liability (in case someone decides to take a tumble on your property) to material damages, theft, or even natural disasters (we've had our fair share of those).

So, while it might seem like another pesky item on your ever-growing to-do list AND another item to add to your budget, securing a good Owner Builder Insurance policy is more than worth it.

The Importance of Getting a Quote

Alright, so we've established that insurance is a must-have for your project. But you might be wondering, “How do I know what coverage I need? And how much is it going to cost me?” Well, my friend, that's where an insurance quote comes into play.

Think of an insurance quote as a sneak peek into your potential insurance policy. It gives you an estimate of the costs involved and the coverage you can expect.

A well-detailed quote is like a roadmap, guiding you through the landscape of insurance premiums, deductibles, and coverages. It helps you understand what's included, what's not, and how much it's all going to cost.

Getting a quote is also a fantastic way to compare different insurance providers. It allows you to weigh up your options and make an informed decision. After all, when it comes to safeguarding your dream project, you want to ensure you're getting the best protection at a price that fits your budget.

Navigating the Insurance Quote Form

Before we dive into the nitty-gritty of getting a quote, I want to introduce you to Coverforce.

A little history – way back in 2018, we partnered with Allrisk Insurance. At the end of 2022, Allrisk handed over the reins to Coverforce (based in Sydney) and we made the decision to stay partnered with Coverforce. We're pretty picky with who we recommend and we review any partnership regularly.

Ok, now to getting a quote.

The Coverforce Owner Builder Insurance Quote form embedded into our site is pretty straightforward, but let's walk through it.

  • Project Type: Are you building a new property or extending/renovating an existing one? This will help determine the kind of coverage you need.
  • Total Replacement Value of Project: How much would it cost to rebuild your project from scratch, including materials and labor? This figure will influence the amount of insurance coverage required.
  • Island Location: Is your project located on an island without road access from the mainland (excluding Tasmania)? This could affect logistics and risks associated with your project.
  • Swimming Pool Work: Will your project involve constructing a swimming pool? If yes, will the cost of the pool work be greater than 25% of the total project value? This information helps assess additional risks that might come with pool construction.
  • Work Commencement: Has work on your project already started? This can affect the types of policies available to you.
  • Limit of Public Liability required: This is the maximum amount that your insurance company would pay in case of a claim. Choose an appropriate limit considering potential accidents that might occur on your site.
  • Kit home, Transportable or Prefabricated Building: Is your project a kit home, transportable home, or a prefabricated/modular home? Each type comes with its own set of risks and considerations.
  • Maximum Depth of Excavation: How deep will you be digging into the ground for your project? This is important as deeper excavations can present additional risks.

Remember, accuracy is key when filling out these sections. The more precise and complete your information, the more tailored and accurate your quote will be.

So, when you've finished reading this article, grab a cup of coffee, and click here to fill out the form – it's a crucial step in protecting your dream project.


Getting an owner builder insurance quote might not be as exciting as choosing paint colours or kitchen fittings, but trust me, it's just as crucial to your project's success and understanding the cost of insurance before you start, is a smart move.

Remember, it's not just another formality. It's your first step towards securing a tailored insurance policy that has your back, come rain or shine.

And on a final note, if you want a whole lot more information on owner builder insurance, click here to read an article that I believe is a MUST! I still regard it as one of THE best articles on my site 😉

Frequently Asked Questions

What is the difference between Owner Builder Insurance and Home Insurance?

Owner Builder Insurance provides coverage for risks specific to construction projects, such as worksite accidents, construction delays, or material damages. On the other hand, Home Insurance generally covers your home and belongings against risks like fire, theft, or weather damage.

How long does it take to get an insurance quote from Coverforce?

The time it takes to receive a quote can vary depending on the complexity of your project and the completeness of the information you provide. However, Coverforce aims to provide quotes as quickly as possible, usually within a few business days.

Can I get Owner Builder Insurance if my project has already started?

Yes, it's possible to get insurance for a project that's already underway. However, it's essential to get your insurance in place as soon as possible to ensure maximum protection.

Does Coverforce offer insurance for renovation projects?

Yes, Coverforce offers Owner Builder Insurance for a range of projects, including new builds, renovations, and extensions.

What happens if I underestimate the value of my project when applying for a quote?

Underestimating the value of your project can lead to underinsurance, which means you may not have enough coverage to fully cover your losses if something goes wrong. Always try to provide the most accurate estimate possible when applying for a quote.

Can I adjust my coverage once my policy is in place?

Yes, it's usually possible to adjust your coverage if your circumstances change. However, it's best to contact Coverforce directly to discuss any potential changes to your policy.

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