Browse Forums Home Finance 1 Apr 30, 2011 8:46 pm we are building a new home(project builder),do we need insurance for if the people that are building it go under???? Re: building new home insurance.. 3Apr 30, 2011 8:50 pm thank you 4 that we had no idea, we had been wondering about that all day.... so many questions such little time Re: building new home insurance.. 4Apr 30, 2011 9:02 pm Hi TC Welcome We r just like you so many ???? Our builder provided a copy of a BSA Certificate of Insurance to the value of the contract along with a copy of Policy Conditions. You should ask for it to keep for your records. Good luck with the build! 12th of Never land 20/3/07 ~~ Contract 17/11/10 ~~ Prestart 9/3/11 ~~ Footings 29/4/11 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 2710 Hi there, long-time lurker but first time posting. I've bought a house 2 and a bit years ago and last year we had some major water damage on a converted pergola area… 0 7931 I apologise for any confusion, but your understanding is correct. We approached our situation differently based on advice from… 11 53211 |