Important HOME BUILDING COMPENSATION FUND changes
In November 2016, the NSW Government made an announcement outlining reforms to the Home Building Compensation Fund (HBCF) to ensure its financial sustainability and ability to protect homeowners now and into the future.
As part of the continuing HBCF reforms, icare have announced changes to base premiums, risk based premium weighting and project application forms effective 1 July 2018.
MBA Insurance Services (MBAIS) is one of only 24 brokers to have been granted a licence to act as a Distributor of icare.
If MBAIS is your current Home Owner Warranty (HBCF) broker, you don't need to do anything.
Not an MBAIS client?
All registered builders in NSW wishing to purchase insurance from icare must now select a licensed Distributor to manage their HBCF needs from 3 October 2017.
You should consider the specialist HBCF services offered by MBAIS. We are the only licensed HBCF Distributor delivering 100% of profits directly back to the building and construction industry.