Home Warranty Insurance Scheme (HWIS)
The Home Building Compensation Fund (HBCF) changed its name from the Home Warranty Insurance Scheme (HWIS) in January 2015. The name change was considered to better reflect the HBCF's role as a safety net for homeowners.
Based on actuarial estimates, on 30 June 2016, the HBCF Insurance Scheme was $375.8 million in deficit. To ensure it can continue to protect homeowners into the future, the HBCF announced reforms in November 2016. Reforms will involve changes to the way HBCF Insurance premiums are calculated.
Find out more about what the reforms will mean for you by contacting our team or by visiting the iCare HBCF website.