Victorian Premier Daniel Andrews has announced Porter Davis customers whose homes are not built and uncovered by insurance after the builder’s collapse last month will get their deposits back under a state government support package.
for all residential builds valued at more than $16,000 before taking customers’ deposits or any other money. The insurance, which is paid for by the builder, covers the client if the builder dies or is declared insolvent before work is complete.
The package does not include properties that are already under construction, with plans under way to see if that work could be picked up by another builder. A website will be set up through the Victorian Managed Insurance Authority in the next 24 to 48 hours, with details for those who are affected.
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