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Homeowners should choose their contractors with care

Posted: 31 May 2018 9:30 am

An uptick in unhappy Brisbane homeowners exposes the need for caution.

Police in Queensland noticed an uptick in complaints against contractors but since it was a civil matter, there wasn't much they could do from a legal standpoint. So they sent out a notice offering tips to help homeowners choose their contractors wisely.

In a similar spirit, finder has decided that now's a good time to remind homeowners how to get the most protection out of their home and contents insurance if their contractor doesn't live up to expectations.

Hiring a contractor can have major implications for home insurance. Most home and contents policies that would usually cover the cost of damage will often not cover damage to the existing home if it is caused by additional construction or renovations. As a homeowner, you will need to have owner-builder insurance in case the contractor's insurance refuses to cover the damage, or worse yet, the contractor is uninsured.

One way to find out if your contractor is insured is to check with your state's building authority. They will also be able to tell you if the contractor has their licence and if they've recently had any breaches or fines.

A typical home and contents insurance policy will also refuse theft-related claims if the thief is someone you've invited into the home. Police might be able to help in this case, but insurance probably won't. That means if you want to be covered for theft, you should not give contractors unrestricted access to the home when you're not present.

Having home and contents insurance in place will protect your most expensive asset, so make sure it's not compromised by a poor choice in a contractor.

Latest home insurance and loans news

Name Product Building Cover Contents Cover Fire, Storm & Theft Damage Sum Insured Safeguard Online Discount Cheapest way to pay
Budget Direct Home & Contents Insurance
Save 30% on your first year's premium when you purchase a new combined Home & Contents insurance policy online. T&Cs apply.
Youi Building and Contents Insurance
Get a 20% discount on your contents insurance if you have a car insurance policy with Youi. Excludes NSW & SA CTP green slips. T&Cs apply.
Honey Home & Contents Insurance
Monthly or Annually
Sign up and get free smart sensors (worth $250) to install around the home for accident prevention. T&Cs apply.
Bendigo Bank Home & Contents Insurance
Buy a new home or landlord insurance policy by 30 June 2022 and you’ll go into a draw to win $10,000. T&Cs apply.
Seniors Top Home & Contents Insurance
Buy online and save up to 30% on a new home and contents insurance policy. T&Cs apply.
Qantas Home and Contents Insurance
Earn up to 20,000 Qantas Points when you sign up. Plus, you could win a $2,000 bp gift card just by getting a quote. T&Cs apply.
Woolworths Comprehensive Building and Contents
Save up to 20% when you buy a Woolworths Home and Contents insurance policy online. Plus, Everyday Rewards Members will save 10% on their monthly shop. T&Cs apply.

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