Election 2017 - Party Policies - Housing - Insurance
27th May 17, 9:32am
by
Insurance
Click here to return to the policy homepage.
- ACT would reduce the cost of compliance for builders, and reduce the financial risk on councils, by removing council building certification, in favour of a compulsory bond or insurance over new buildings.
- Requiring insurance for the replacement of the building would ensure standards are upheld while reducing the time spent on council inspections and red tape.
- Replacing council building certification with compulsory insurance would incentivise insurers to find the most reliable builders and best building supplies to insure.
- The builders' incentive would be to get the best premiums and service, by proving they are building high-quality homes.
- Insurers could sign-off on building materials that are certified overseas, where councils are reluctant to today.
- Read more here.
- Establishing a government home-building insurance scheme to provide cover for homeowners in instances where the builder fails to rectify defects.
- Read more here.
Not yet available on their website.
Not yet available on their website.
Not yet available on their website.
Not yet available on their website.
 |
 |
 |
 |
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.