Domestic Building Insurance (DBI) is a mandatory requirement for certain residential building projects in Victoria, but it only responds in limited circumstances. In this episode, we explain how DBI works, what triggers a policy, what it can cover, and the limits that apply to claims. The episode also covers why DBI is described as insurance of last resort, how coverage caps operate, the timeframes homeowners need to be aware of, and the role of the Building and Plumbing Commisison and Victor...
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