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?

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

$200.00