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 1 July 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.
The remaining rate changes scheduled for 2018 are subject to approval from State Insurance Regulatory Authority (SIRA) and have not yet been released.
Metro
Construction Type
03.10.17 – 30.06.18
From 01.07.18
Increase
Min. base premium
C01 New Single Dwelling Construction
03.10.17 – 30.06.18
0.66%
From 01.07.18
0.95%
Increase
44%
Min. base premium
$200.00
C02 Multiple Dwelling Alterations/Additions - Structural
03.10.17 – 30.06.18
0.58%
From 01.07.18
0.58%
Increase
–
Min. base premium
$200.00
C03 New Multiple Dwelling Construction (<= 3 storeys)
03.10.17 – 30.06.18
1.72%
From 01.07.18
1.72%
Increase
–
Min. base premium
$200.00
C04 Single Dwelling Alterations/Additions - Structural
03.10.17 – 30.06.18
0.58%
From 01.07.18
0.61%
Increase
5%
Min. base premium
$200.00
C05 Swimming Pools
03.10.17 – 30.06.18
0.66%
From 01.07.18
0.67%
Increase
2%
Min. base premium
$200.00
C06 Single Dwelling Renovations - Non Structural
03.10.17 – 30.06.18
0.34%
From 01.07.18
0.36%
Increase
6%
Min. base premium
$200.00
C07 Other
03.10.17 – 30.06.18
0.34%
From 01.07.18
0.41%
Increase
21%
Min. base premium
$200.00
C08 Multiple Dwellings Renovations - Non Structural
03.10.17 – 30.06.18
0.34%
From 01.07.18
0.34%
Increase
–
Min. base premium
$200.00
C09 New Duplex, Dual Occupancy, Triplex and/or Terrace (attached) Construction
03.10.17 – 30.06.18
1.72%
From 01.07.18
2.50%
Increase
46%
Min. base premium
$200.00
Regional
Construction Type
03.10.17 – 30.06.18
From 01.07.18
Increase
Min. base premium
C01 New Single Dwelling Construction
03.10.17 – 30.06.18
0.53%
From 01.07.18
0.76%
Increase
44%
Min. base premium
$200.00
C02 Multiple Dwelling Alterations/Additions - Structural
03.10.17 – 30.06.18
0.46%
From 01.07.18
0.46%
Increase
–
Min. base premium
$200.00
C03 New Multiple Dwelling Construction (<= 3 storeys)
03.10.17 – 30.06.18
1.38%
From 01.07.18
1.38%
Increase
–
Min. base premium
$200.00
C04 Single Dwelling Alterations/Additions - Structural
03.10.17 – 30.06.18
0.46%
From 01.07.18
0.49%
Increase
5%
Min. base premium
$200.00
C05 Swimming Pools
03.10.17 – 30.06.18
0.53%
From 01.07.18
0.54%
Increase
2%
Min. base premium
$200.00
C06 Single Dwelling Renovations - Non Structural
03.10.17 – 30.06.18
0.27%
From 01.07.18
0.29%
Increase
6%
Min. base premium
$200.00
C07 Other
03.10.17 – 30.06.18
0.27%
From 01.07.18
0.33%
Increase
21%
Min. base premium
$200.00
C08 Multiple Dwellings Renovations - Non Structural
03.10.17 – 30.06.18
0.27%
From 01.07.18
0.27%
Increase
–
Min. base premium
$200.00
C09 New Duplex, Dual Occupancy, Triplex and/or Terrace (attached) Construction
03.10.17 – 30.06.18
1.37%
From 01.07.18
2.00%
Increase
46%
Min. base premium
