Home Builders Compensation Fund
In most states of Australia the state Governments determine the terms and conditions of builders or home warranty insurance. This cover is required when a builder is performing domestic works with a contract value over a specified amount (amounts vary from state to state).
This fund warranties the project and protects the home owner during construction and for 6 years after completion should the builder or contractor fail or is unable to correct faults or defects during the specified warranty period. It also covers the home owner should the builder or contractor fail to complete the contract for various reasons.
ProBuild Insurance Brokers can set you up and solve your home warranty insurance issues. Our Licensee (Insurance House Group) are an approved Home Warranty provider with a dedicated team able to assist you with your eligibility applications, review processes and general processing and issuing of Certificates.