Domestic Building Insurance (DBI)

Since 31 May 2010, the Victorian Managed Insurance Authority (VMIA) has offered domestic building insurance in Victoria, at the direction of the Victorian Government.

DBI is an insurance of ‘last resort’. It provides cover to a homeowner where the contracted building work is incomplete or defective in cases where the builder is deceased, has disappeared or become insolvent. For other disputes that arise between a homeowner and a builder in circumstances outside the coverage of this policy, the parties may seek assistance from Building Advice and Conciliation Victoria (BACV).

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