It might sound terribly boring, but it’s important to stay abreast of major changes in the insurance that covers your new steel building or other residential building.
The Victorian Government has announced the introduction of a Domestic Building Consumer Protection Fund (DBI) to better protect Victorian domestic building consumers.
DBI is an insurance of ‘last resort’. It provides cover to a homeowner where the contracted building work is incomplete or defective in cases where the builder is deceased, has disappeared or become insolvent.
This means no matter what happens, your building is covered by insurance.
Visit VBA for more information about DBI.