Last Resort Builders Warranty - Why do we have it?
Written by Administrator
Saturday, 03 July 2010 01:40
Last Resort Builders Warranty Insurance has been variously described by Consumer and Builder Groups as Junk and of no benefit to consumers or the industry? Why then do we, as an industry, have to pay millions of dollars a year to purchase it? And, where does all the money go?
In the recent Victorian Upper House Inquiry I was invited to give evidence as to what I know about the Industry Lobbying that has gone on over the last decade while I was the Branch Chair of the HIA on the Mornington Peninsula.
ABC Stateline featured my evidence in this story and if you are considering building at any time in the future then you may find this segment helpful to understand one of the most confusing Consumer Protection (phrase used loosely!) products on the market anywhere in the world.