Topic: Have your say on building defect insurance

Tagged: decennial liability insurance, defects, DLI, new buildings, new south wales, Strata

This topic has 0 replies, 1 voice, and was last updated 3 years ago by .

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31/08/2023 at 9:11 pm #69996 Reply | Quote
Jimmy-T
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DLI is a strict liability insurance product of first resort that covers critical building elements, such as structure, waterproofing and fire safety systems.

It allows building owners to make a claim at any point in the first 10 years post occupation – even if the developer or builder are no longer trading.

An option is proposed to make DLI permanent and replace the existing two-year scheme after a transition period.

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Reply To: Have your say on building defect insurance

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