HBCF premiums | Home Building Compensation Fund (HBCF) | Master Builders Insurance Brokers (MBIB) | Homeowners Insurance | Home Warranty Insurance New South Wales
What are the new HBCF premium rates?
Base premium rates have now changed (effective 1 July 2020).
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 and do not take into effect your risk-based pricing factor.
Rates in the below table are for Metro area, a 20% discount applied to rural area.
Metro
Construction Type
Current
From 01.07.20
Min. base premium
C01 New Single Dwelling Construction
Current
1.14%
From 01.07.20
1.14%
Min. base premium
$200.00
C02 Multiple Dwelling Alterations/Additions - Structural
Current
2.23%
From 01.07.20
3.00%
Min. base premium
$200.00
C03 New Multiple Dwelling Construction (<= 3 storeys)
Current
3.43%
From 01.07.20
4.11%
Min. base premium
$200.00
C04 Single Dwelling Alterations/Additions - Structural
Current
0.82%
From 01.07.20
0.82%
Min. base premium
$200.00
C05 Swimming Pools
Current
0.81%
From 01.07.20
0.81%
Min. base premium
$200.00
C06 Single Dwelling Renovations - Non Structural
Current
0.38%
From 01.07.20
0.38%
Min. base premium
$200.00
C07 Other
Current
0.44%
From 01.07.20
0.44%
Min. base premium
$200.00
C08 Multiple Dwellings Renovations - Non Structural
Current
1.04%
From 01.07.20
1.36%
Min. base premium
$200.00
C09 New Duplex, Dual Occupancy, Triplex and/or Terrace (attached) Construction
Current
1.14%
From 01.07.20
1.14%
Min. base premium
