Key information
HBC insurance is required for all home building construction or renovation projects exceeding $20,000 (including GST) unless exempt.
This covers homeowners and future homeowners when a building business is unable to complete building work or rectify defects due to:
- insolvency
- death
- disappearance (not able to be found)
- a licence suspension following non-compliance with a money order made by a court or the NSW Civil and Administrative Tribunal in favour of the homeowner.
HBC protects homeowners and future homeowners for 6 years against major construction defects and 2 years for other types of losses from the project’s completion date. In some circumstances there can be extra time to lodge a claim after the end of the warranty period, and subject to certain conditions.
Home Building Compensation (HBC Check)
Check if a property has home building compensation insurance coverage using the Home Building Compensation (HBC Check). HBC Insurance CheckResources
For homeowners
How to ensure your new home, pool or renovations has home building compensation insurance coverage.
For builders and tradies
Building businesses must get mandatory home building compensation cover for projects over $20,000 and protect homeowners if you can't complete the work or fix defects.
For developers
Ensure your builders and contractors have home building compensation cover for residential construction projects.