Builder collapse victims say nightmares continue under Victorian-run insurance scheme

Building Company Collapse News

Builder collapse victims say nightmares continue under Victorian-run insurance scheme
Building IndustryInsolvencyVictorian Managed Insurance Authority
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Multiple families say their dealings with the Victorian Managed Insurance Authority have been worse than the collapse of their builder.

The Victorian Managed Insurance Authority has been accused of forcing families to accept the lowest-cost replacement builders following a string of building company collapse s.

Mr Prakash says the builders he approached completed thorough audits of his house and found major defects with the slab and building frame."They had a miracle quote, a miracle quote that was extremely low which claimed they could deliver the world,'' Mr Prakash said. They feel the situation could have been avoided had the VMIA listened to their concerns about the cheap quote.

Ms Mahadik hails from India where trust in government is low, but when she moved to Australia she said she had faith in local authorities."When government says that they're there for people, I no longer know whether they really are or not.''Other families have also told the ABC that when Porter Davis went bust, they were forced to use Simonds Homes to finish their homes because it was the cheapest quote.

Mr Ford said the VMIA's offer does not cover all the defects — the couple are legally challenging the VMIA but feel let down by the insurance process, saying it had been adversarial throughout.

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abcnews /  🏆 5. in AU

Building Industry Insolvency Victorian Managed Insurance Authority Vmia Porter Davis Building Defects Evan Mulholland Danny Pearson Siddarth Prakash Chetna Mahadik Jared Ford Shontel Ford

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