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What is structural warranty insurance?

April 26, 2017business loan brisbane construction loan brisbane debt consolidation loan finance in queensland Insurance intellichoice brisbane mortgage broker brisbane owner builder finance structural warranty

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What is structural warranty insurance?

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Structural warranty insurance covers structural defects that become evident in a dwelling for a specified period of time post completion, for example, 6 years in Queensland. This insurance is underwritten by the state regulatory or governing body and is in place to protect the consumer in the event the builder goes into liquidation or defaults on the contract.