Auswide Insurance Brokers

Choosing the right home and contents insurance in Australia protects your biggest asset from risks like floods, bushfires, and theft. This checklist, drawn from expert guidance, ensures comprehensive coverage tailored to your needs. Assess Your Needs Start by inventorying your home's rebuilding cost and contents value, including photos and receipts for accurate sums. Factor in local risks such as flood zones or bushfires, and align coverage with your budget and risk tolerance. Accurate valuation prevents underinsurance, covering replacement at current prices rather than depreciated values. Understand Policy Types Opt for building insurance to repair structures like walls and roofs, and contents insurance for belongings like furniture and electronics. Add options like accidental damage, flood cover, or valuables protection for high-risk items. "New for old" replacement beats market value payouts, easing claims. Compare Providers Research insurers via websites, customer rev...

  When building your dream home or undertaking major renovations, protecting your investment is paramount. Builder’s Home Warranty Insurance, often known as HBCF (Home Building Compensation Fund) Insurance , is a crucial safety net that every homeowner should understand. At Auswide Insurance Brokers, we’re here to guide you through this important aspect of home building protection. What is Builder’s HBCF Home Warranty Insurance? Builder’s HBCF Insurance is a specialized insurance policy designed to protect homeowners if their builder cannot complete or fix defects in their residential building project. This insurance is typically mandatory in many Australian states for builders to obtain before starting work on projects above a certain value. It covers you in cases where the builder: Dies or disappears Becomes insolvent or bankrupt Fails to complete the building work Does not fix defects within the warranty period Why is it important? Building or renovating a home is a significant ...

  Builders need liability insurance to protect themselves and their businesses from the financial risks associated with accidents, injuries, and property damage that can occur during construction work. Liability insurance, including public liability and employers' liability insurance, helps cover the costs of compensation claims, legal fees, and damages if a third party such as a client, visitor, or employee suffers injury or property damage due to the builder's work. It also safeguards builders against claims from clients who allege receiving incorrect advice or negligent service, through professional indemnity insurance . Legal and Financial Protection Builders are legally required to have employers' liability insurance if they employ workers, protecting against compensation claims related to work injuries. Public liability insurance, although not always mandatory, is strongly recommended because construction sites inherently involve risks to both workers and the public....