19/09/2023
In August 2022, a Ministerial Advisory Panel representing industry, building owners and government recommended a new consumer protection for apartment buildings called decennial liability insurance (DLI).
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.
The NSW Government is seeking public feedback (till 2 October 2023) on proposed options to deliver this important protection. Have your say at:
Tell us what you think about a 10-year insurance scheme for new apartment buildings. We want to hear from developers, builders, insurers, apartment owners and people looking to buy. We are working with industry to improve confidence in the NSW construction sector. In