Homeowners should choose their contractors with care - finder.com.au

Homeowners should choose their contractors with care

Posted: 31 May 2018 9:30 am
News

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
Optional
Annually
Save 30% on your first year's premium when you purchase a new combined Home & Contents insurance policy online. T&Cs apply.
Australia Post Home & Contents Insurance
Annually
Save 10% when you buy a combined home and contents insurance policy from Australia Post.
Domain Home Buildings & Contents Insurance
Monthly or Annually
Get 15% off your first year's premium when you purchase a new combined Home & Contents Insurance policy online. T&Cs apply.
St. George Home and Contents
Monthly or Annually
Save up to 25% when you purchase cover online. Promo code: COVER
Qantas Home and Contents Insurance
Optional
Annually
Earn up to 20,000 Qantas Points when you apply by 2 May. Points awarded will be based on your premium. T&Cs & exclusions apply.
Westpac Home and Contents Insurance
Monthly or Annually
Save up to 25% when you purchase cover online. Promo code: COVER
Youi Building and Contents Insurance
Annually
Youi Home Insurance takes the time to tailor a premium for you.
Virgin Home and Contents Insurance
Optional
Annually
Purchase a new eligible Virgin Home and Contents Insurance policy online and you'll also save up to 30% on your first year’s premium. T&Cs Apply.
Real Top Home and Contents Insurance
Annually
Save up to 20% when you purchase combined Home and Contents online.
Seniors Top Home & Contents Insurance
Annually
Buy online and save up to 30% on a new home and contents insurance policy. T&Cs apply.
loading

Compare up to 4 providers

Picture: Shutterstock

Get more from Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site