HBCF premiums | Home Building Compensation Fund (HBCF) | MBA Insurance Services (MBAIS) | Homeowners Insurance | Home Warranty Insurance New South Wales
What are the new HBCF premium rates?
Base premium rates have now changed (effective 2 October 2018).
The base premium rates applicable (as a percentage of contract price) are detailed in the below tables.
Please note that the below premium rates do not include broker fees, GST or stamp duty and do not take into effect your risk-based pricing factor.
Metro
Construction Type
03.10.17 – 01.10.18
From 02.10.18
Increase
Min. base premium
C01 New Single Dwelling Construction
03.10.17 – 01.10.18
0.66%
From 02.10.18
0.95%
Increase
44%
Min. base premium
$200.00
C02 Multiple Dwelling Alterations/Additions - Structural
03.10.17 – 01.10.18
0.58%
From 02.10.18
0.58%
Increase
–
Min. base premium
$200.00
C03 New Multiple Dwelling Construction (<= 3 storeys)
03.10.17 – 01.10.18
1.72%
From 02.10.18
1.72%
Increase
–
Min. base premium
$200.00
C04 Single Dwelling Alterations/Additions - Structural
03.10.17 – 01.10.18
0.58%
From 02.10.18
0.61%
Increase
5%
Min. base premium
$200.00
C05 Swimming Pools
03.10.17 – 01.10.18
0.66%
From 02.10.18
0.67%
Increase
2%
Min. base premium
$200.00
C06 Single Dwelling Renovations - Non Structural
03.10.17 – 01.10.18
0.34%
From 02.10.18
0.36%
Increase
6%
Min. base premium
$200.00
C07 Other
03.10.17 – 01.10.18
0.34%
From 02.10.18
0.41%
Increase
21%
Min. base premium
$200.00
C08 Multiple Dwellings Renovations - Non Structural
03.10.17 – 01.10.18
0.34%
From 02.10.18
0.34%
Increase
–
Min. base premium
$200.00
C09 New Duplex, Dual Occupancy, Triplex and/or Terrace (attached) Construction
03.10.17 – 01.10.18
1.72%
From 02.10.18
2.50%
Increase
46%
Min. base premium
$200.00
Regional
Construction Type
03.10.17 – 01.10.18
From 02.10.18
Increase
Min. base premium
C01 New Single Dwelling Construction
03.10.17 – 01.10.18
0.53%
From 02.10.18
0.76%
Increase
44%
Min. base premium
$200.00
C02 Multiple Dwelling Alterations/Additions - Structural
03.10.17 – 01.10.18
0.46%
From 02.10.18
0.46%
Increase
–
Min. base premium
$200.00
C03 New Multiple Dwelling Construction (<= 3 storeys)
03.10.17 – 01.10.18
1.38%
From 02.10.18
1.38%
Increase
–
Min. base premium
$200.00
C04 Single Dwelling Alterations/Additions - Structural
03.10.17 – 01.10.18
0.46%
From 02.10.18
0.49%
Increase
5%
Min. base premium
$200.00
C05 Swimming Pools
03.10.17 – 01.10.18
0.53%
From 02.10.18
0.54%
Increase
2%
Min. base premium
$200.00
C06 Single Dwelling Renovations - Non Structural
03.10.17 – 01.10.18
0.27%
From 02.10.18
0.29%
Increase
6%
Min. base premium
$200.00
C07 Other
03.10.17 – 01.10.18
0.27%
From 02.10.18
0.33%
Increase
21%
Min. base premium
$200.00
C08 Multiple Dwellings Renovations - Non Structural
03.10.17 – 01.10.18
0.27%
From 02.10.18
0.27%
Increase
–
Min. base premium
$200.00
C09 New Duplex, Dual Occupancy, Triplex and/or Terrace (attached) Construction
03.10.17 – 01.10.18
1.37%
From 02.10.18
2.00%
Increase
46%
Min. base premium
