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
01.10.18 – 31.07.19
From 01.08.19
Change
Min. base premium
C01 New Single Dwelling Construction
01.10.18 – 31.07.19
0.95%
From 01.08.19
0.95%
Change
–
Min. base premium
$200.00
C02 Multiple Dwelling Alterations/Additions - Structural
01.10.18 – 31.07.19
0.58%
From 01.08.19
1.22%
Change
110%
Min. base premium
$200.00
C03 New Multiple Dwelling Construction (<= 3 storeys)
01.10.18 – 31.07.19
1.72%
From 01.08.19
2.29%
Change
33%
Min. base premium
$200.00
C04 Single Dwelling Alterations/Additions - Structural
01.10.18 – 31.07.19
0.61%
From 01.08.19
0.67%
Change
10%
Min. base premium
$200.00
C05 Swimming Pools
01.10.18 – 31.07.19
0.67%
From 01.08.19
0.67%
Change
–
Min. base premium
$200.00
C06 Single Dwelling Renovations - Non Structural
01.10.18 – 31.07.19
0.36%
From 01.08.19
0.32%
Change
52%
Min. base premium
$200.00
C07 Other
01.10.18 – 31.07.19
0.41%
From 01.08.19
0.37%
Change
10%
Min. base premium
$200.00
C08 Multiple Dwellings Renovations - Non Structural
01.10.18 – 31.07.19
0.34%
From 01.08.19
0.60%
Change
76%
Min. base premium
$200.00
C09 New Duplex, Dual Occupancy, Triplex and/or Terrace (attached) Construction
01.10.18 – 31.07.19
2.50%
From 01.08.19
0.95%
Change
62%
Min. base premium
$200.00
Regional
Construction Type
01.10.18 – 31.07.19
From 01.08.19
Change
Min. base premium
C01 New Single Dwelling Construction
01.10.18 – 31.07.19
0.76%
From 01.08.19
0.76%
Change
–
Min. base premium
$200.00
C02 Multiple Dwelling Alterations/Additions - Structural
01.10.18 – 31.07.19
0.46%
From 01.08.19
1.22%
Change
165%
Min. base premium
$200.00
C03 New Multiple Dwelling Construction (<= 3 storeys)
01.10.18 – 31.07.19
1.38%
From 01.08.19
2.29%
Change
66%
Min. base premium
$200.00
C04 Single Dwelling Alterations/Additions - Structural
01.10.18 – 31.07.19
0.49%
From 01.08.19
0.55%
Change
12%
Min. base premium
$200.00
C05 Swimming Pools
01.10.18 – 31.07.19
0.54%
From 01.08.19
0.54%
Change
–
Min. base premium
$200.00
C06 Single Dwelling Renovations - Non Structural
01.10.18 – 31.07.19
0.29%
From 01.08.19
0.26%
Change
10%
Min. base premium
$200.00
C07 Other
01.10.18 – 31.07.19
0.33%
From 01.08.19
0.29%
Change
12%
Min. base premium
$200.00
C08 Multiple Dwellings Renovations - Non Structural
01.10.18 – 31.07.19
0.27%
From 01.08.19
0.60%
Change
122%
Min. base premium
$200.00
C09 New Duplex, Dual Occupancy, Triplex and/or Terrace (attached) Construction
01.10.18 – 31.07.19
2.00%
From 01.08.19
0.76%
Increase
62%
Min. base premium
