Letter Of Eligibility For Domestic Building Insurance

The builder acknowledges and agrees that any certificate of insurance issued on or after 1 july 2015 pursuant to this letter of eligibility will provide additional cover if the builder fails to comply with a tribunal or court order.

Letter of eligibility for domestic building insurance. This form should be completed by businesses sole traders partnerships companies hereinafter referred to as the. A letter of eligibility is not a certificate of insurance for a specific job it simply means that you as a builder have been assessed and have been granted the right to apply for insurance for projects and jobs you. Eligibility with qbe vmia with additional cover from 1 july 2015. Letter of eligibility for domestic building insurance is granted by an insurer to show that you are eligible to get the required insurance once you get your registration.

Refurbishment non structural 110 000 a summary of the cover provided will be described in any certificate of insurance which may be issued and will only provide cover for the homeowner. The letter of eligibility is only applicable to domestic residential builders licences and a certificate of currency is no longer required as vba has decided to remove the insurance requirement for commercial building registration. New single dwelling construction 2 500 000 c04. Eligibility applications are to be made through one of the dbi distributors listed above.

Before the vba can grant your application for registration as a building practitioner you must provide proof that you are covered by the required insurance or are eligible to purchase the required insurance for domestic builders only. Maximum contract value of any one residential job. Eligibility is the term vmia uses to describe a builder s approval to apply to purchase dbi for specific building projects. Swimming pools 25 000 c06.

If you cannot provide the proof on time you will need to explain why in writing by letter or email. It sets out the specific building projects the builder has approval to apply to purchase dbi for. Issued by qbe insurance australia limited for and on behalfof victorian managed insurance authority vmia. Seeking eligibility for domestic building insurance cover for domestic building work the total value of which will not exceed 5 million per year.