As an owner builder you are responsible for insurance over your residential project, including liabilities to third parties via public liability.
For owners and projects located in Tasmania, owner builder insurance is a must and is required by Government Building legislation.
Policies can be provided to cover public liability, loss or damage (fire, water, storm, impact and theft of materials) to your project whilst works are taking place before your new property is finished, certified and ready for occupancy.
During the project, if your works in progress are damaged by rain, storm, fire, impact or vandalism an Owner Builders Insurance Policy can respond and potentially cover and help pay for rectification, rebuild or for works to recommence.