Council is the only winner here
THE dust must now have settled on this NHBRC issue. I hope so.
As an engineer, I am registered with them and I often wonder about the insurance of the asset, being a house. Their service is in fact the provision of insurance to the home owner.
Furthermore, the financier, a bank, normally insists on insurance of the asset. That is two insurances.
To put the cherry on the cake, the engineer has to have professional insurance at all times. Three times, then. If you add the builder’s insurance, it comes to four.
The law says you can’t have an asset insured more than once, not so? The NHBRC clearly says it doesn’t entertain any claim of more than R500 000. So what happens if a R5-million home starts cracking?
They go for us, the engineers. We have to show that we have exercised our duty to care. So do the banks. The owner goes in circles and one insurer blames another.
The banks play the game by insisting that you enrol with the NHBRC, otherwise no loan.