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joltinjoe
59 Posts
joltinjoe
59 Posts
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joltinjoe

Joined 8 April 2009
Loyal Member
4 months4 monthsjoltinjoejoltinjoe posted:
[NSW[ Home building Compensation Fund (Insurance)

Main thing is that you contract with the company and receive the insurance certificate in the name of the company. No other variation will protect you ie contract in…

4 months4 monthsjoltinjoejoltinjoe posted:
Home warranty insurance

The NSW warranty scheme is run by Icare under the HBCF.
The discount of premium is not fully reflective of the risk a builder demonstrates to an owner.
You can ask…

10 years10 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

Refer to 20% non completion cap override authorised by sicorp and check the progress payments in the procorp contracts to see if they were taking excessive payments in advance of…

10 years10 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

Claims Update No 3 - Cosmopolitan Constructions and Westminster Homes
| 13 Mar 2012
The following update as at 8 March 2012 is provided for the information of clients of…

10 years10 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

So did the new Builder contract with you at the same price as Cosmo or was the contract for a higher amount?
If so was it 20% and under of the…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

The Insurer is the NSW Government Agency HWIF which is part of the Sicorp.
QBE is just an agent of the HWIF...it is not the insurer....
you can always apply under the…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

CLAIMS UPDATE FROM SICORP
https://homewarranty.nsw.gov.au/portal/ ... homes/2448
Claims Update as at 21 December 2011
Two (2) builders have been allocated to each project to obtain tenders,
Those builders will be…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

You will find that the meetings were just delaying tactics designed to look good whilst the HWIF bureaucrats try and maintain calm and keep the whole sorry mess out of…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

So if the Liquidators cannot claim for the progress payments due surely the HWIF has to waive the 20% Non completion cap?????

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

If the promotional items are in the building contract then they form part of the Claim........

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

the HWIF authorising front end loaded progress payment contracts for Cosmopolitan under the NSW warranty insurance scheme
It stinks that the Builder was able to unconscionably force consumers to pay…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

You might also like to ask the HWIF Manager (Jon East) about the HWIF authorising front end loaded progress payment contracts for Cosmopolitan under the NSW warranty insurance scheme so…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

Cosmopolitan matter is a Liquidation not an Administration like Westminsters.
Westminster was already acting under a Deed of Company Arranagement before it went under.

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

The Link on the QBE website just talks about the Westminster Homes Collapse.
They dont have anything about Cosmpolitan on there yet.
Also be aware that the Cosmopolitan matter is a Liquidation…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

The policy is being administered by QBE as agent for the HWIF which is the Government entity of Sicorp (Treasury).

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

They can move in even without a Certificate of Occupancy?????
How could the owners sell it at a later date without the CofO ????

11 years11 yearsjoltinjoejoltinjoe posted:
SLAB FALLING APART !, What to do?

Ask for the professional Indemnity insurance of the Building Inspector who certified the slab was ok and make contaact with their insurer to place them on notice of a potential…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

If you want to scare your Home Loan lender ...Ring them and tell them that the builder has collapsed and that the property no longer has any Fire insurance cover…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

Not an Administration............. its a Liquidation...........
Fair Trading and the Home Warranty Insurance Fund will hold a Homeowners Meeting at 3:30pm on 17 November 2011.
The venue for the meeting is…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

you have obviously never heard of malicious damage by aggrieved subcontractors or suppliers?????
they wont get paid for the original stuff so they damage that in the hope of picking up…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

Outside of the pool of builder premiums paid the taxpaying public of NSW would foot the bill.
Why would QBE be in rush they will stilll get their claims fee regardless????

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

You cannot commit to any work without QBE's written approval as agent for the NSW HWIF otherwise you will jeapordize the payment of your claim.

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

QBE is only an agent of the HWIF which is the NSW Government warranty fund run out of Treasury (SICORP).
QBE is getting paid by the NSW Govt to administer these…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

As per the Liquidators letter to Customers with Building Warranty Insurance you can contact HWIF Manager Jon East
02 9228 5903
jon.east@treasury.nsw.gov.au
You can also ask Jon if the 20%…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

If the Homeowner is not insured for Fire and Theft the Homeowner may be in breach of their Mortgage contract in having the house uninsured.
Ask HWIF/QBE if the costs of…

11 years11 yearsjoltinjoejoltinjoe posted:
Cosmopolitan Homes - Liquidator appointed

Theft from the sites should be covered under the Builder("Liquidators") Contract Works and Public Liability cover.
Take photos and get a police report asap.
Also notify the Contract Works Insurer asap of…

11 years11 yearsjoltinjoejoltinjoe posted:
Westminster Homes

Make sure you lodge your claim first with QBE who is acting on behalf of the NSW Government warranty insurer. Make sure you claim for everything you can -…

12 years12 yearsjoltinjoejoltinjoe posted:
Progress Payment dispute

Its quite common in NSW for Builders to get front end loaded payments as the NSW Govt will not legislate to bring the progress payment maximums in liune with Victorian…

12 years12 yearsjoltinjoejoltinjoe posted:
Westminster Homes

in your contract Im betting its a standard HIA contract then there is a sum per week for each week of delay (usually is $250.00)
it might pay to get…

12 years12 yearsjoltinjoejoltinjoe posted:
Westminster Homes

Contact the Office of Fair Trading and raise a complaint plus notify the warranty insurer of the requests for advance payment......
do you have liquidated damages building up in your contract?....

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Joined homeone
8 April 2009

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