In NSW, Home Owner Warranty Insurance (HOWI) is a valuable insurance product that applies when builders face financial troubles, such as insolvency, disappearance, or bankruptcy, ensuring that consumers don't bear the full financial burden of these costs. While HOWI serves as a critical shield for property owners, there is a significant discrepancy when it comes to strata remedial works. The cost of remedial work in strata properties can be as much as five times that of constructing a new house, seemingly without valid justification. This raises questions about fairness and equity in the home insurance system, particularly considering that new housing projects, perceived as riskier by some, are subject to more lenient insurance rates. Consequently, SCA (NSW) proposes reducing remedial HOWI from the current range of 8-10% of the contract price to a more equitable 1-2% of the contract price in line with new homes.