Home warranty insurance must be obtained by the home building contractor. To apply to take out insurance, contractors will need to get an application form from an approved insurer.

You can minimise delays with your application by:

• submitting a complete application
• including up-to-date financial records
• checking with your insurance broker for specific information required
• making sure that all the required information is attached to the form.

You are generally required to provide the following information:

• recent balance sheet, profit & loss statement or tax returns
• statement of personal assets and liabilities
• copies of rates notices for all properties declared on the statement of personal assets and liabilities
• copy of current contractor licence
• if you were previously approved through another insurer, declaration of jobs undertaken and currently insured for the past 12 months.

The name on your licence and the name on the application form must be the same. That is, if you are:

• a sole trader, all of the above must be only in your individual name
• a partnership, all of the above must be in the name of you and your partner/s
• a company, all of the above must be in the name of your company.

For more information or assistance, contact the Office of Fair Trading on 13 32 20.