Building or renovating a home is one of the biggest investments most Australians will ever make. While choosing the right builder is critical, it’s just as important to understand the protections in place if something goes wrong. One of the most important safeguards for homeowners in NSW is the Home Building Compensation Fund (HBCF) . What is the Home Building Compensation Fund (HBCF)? The Home Building Compensation Fund (HBCF) is a compulsory insurance scheme in New South Wales that protects homeowners when residential building work goes wrong and the builder is unable to fix it. In simple terms, HBCF provides cover if a licensed builder or tradesperson: Dies Disappears Becomes insolvent If any of these events occur and defective or incomplete work remains, the HBCF policy allows homeowners to claim compensation to help complete or rectify the work. When is HBCF required? HBCF insurance is mandatory for residential building work valued over $20,000 (including GST) in NSW. Buil...
At Auswide Insurance, we specialise in providing tailored insurance solutions for businesses and commercial property owners across Australia. With deep industry expertise and a client-first approach, we help protect what matters most — from commercial buildings and investment properties to a wide range of business operations.