Hi,

We are about to make a decision on which builder to use for our renovations.. we have 3 contracts around $600- 650,000 and they each have different insurances quoted. Is there a way to make sure the builder we choose has the right insurance in place? What do we need to be looking out for? thanks

For something like this you need to speak to the HIA (Housing Industry Association)
They will provide you with expert guidance, plus you can check the licence details of each builder.

builders can on-charge any insurance amount they think they can get away with. In terms of the correct insurances, ensure they have a contract works policy (liability + material damage) policy in place and if required by the local law, home builders warranty which would be likely on a smaller renovation such as yours.