Insurer re-enters owner builder market

Insurer re-enters owner builder market | Insurance Business

Insurer re-enters owner builder market
Calliden has re-entered the owner builder construction market by partnering up with Australian Owner Builders Insurance Services to provide an owner builder construction and public liability joint offering.

The new owner builder construction and public liability product covers policyholders who are building or renovating their own homes. It also covers adjoining property, $2000 worth of tools, and after loss cover in the event the policyholder moves out. It is available in NSW, Victoria and Western Australia.

AOBIS managing director Philip Graf’s brokerage 18-year-old brokerage BuildSafe teamed up with Calliden when the insurance company launched in 2005. When McGraf set up AOBIS, the relationship continued.

Calliden pulled out of the owner builder construction market for a period but this month rejoined, rekindling its relationship with AOBIS.

Calliden CEO Nick Kirk told Insurance Business: “Calliden has enjoyed a long relationship with AOBIS, supporting a range of insurance products for owner builders over that time. We were therefore very pleased to support their construction and liability products again when they asked us earlier this year.”

Graf said: “Owner building construction public liability is different to builder construction public liability. The people tend to be living there as it’s their home.”

Graf added: “Calliden has been in the owner builder space since they started. They understand the market more. There are benefits our product have that others don’t.”