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PROBLEMS GETTING HOME WARRANTY INSURANCE?

Wednesday, April 07, 2010
Jenny writes on behalf of her son Geoff, a Central Coast builder;-

"It is a good idea that the NSW  Govt. is taking over the Home Warranty Insurance in July, however what is happening to the builders who are financial enough to continue with a good business and the Insurance Companies won't accept them because they know that the Government will be taking over shortly?  Do they go broke in the meantime?  Something needs to be put into place right now.  THIS IS MOST URGENT OR THE DOMINO EFFECT WILL BEGIN AND UNPLOYMENT WILL BE RIFE.  Think about it !"

The NSW Office of Fair Trading states on their web site to contact them if you have any difficulties obtaining this Insurance.  

Has anyone been in a similar position to Geoff?  What was your experience?  Does anyone have any suggestions?

We would like to hear from you.  

Please comment below or email us at trev@mybuildingsite.com.au