Browse Forums General Discussion 1 Dec 14, 2023 2:00 pm Hi, For those whose builder has gone into liquidation. I am trying to find out how the house is insured in the meantime (for the period before you employ a new builder) I understand builders take out contract works insurance- does this cover you if they go into liquidation? Iām wondering how the house/structure will be insured against damage for example bushfire etc. Thanks for your help Hi Suku18 In NSW the statutory required insurances are: 1. HBCF ( Home Building Compensation Fund) - This is if the builder dies or goes broke. But this only covers 20%… 1 20150 DIY, Home Maintenance & Repair The workmanship is lifetime guarantee by "the insurer", not the builder. They will of course ask the initial builder to rectify and if they don't they will appoint… 7 15051 |