Latest changes to HBCF | Home Building Compensation Fund (HBCF) | Master Builders Insurance Brokers (MBIB) | Homeowners Insurance | Home Warranty Insurance New South Wales

Latest changes to HBCF reforms.

1. Premium changes

Premiums will be increasing effective 1 January 2021 for the following construction types:

october 2020 changes

From 1 March 2021 the C07 Other construction category will no longer be available.

In order to facilitate a smooth transition to the new rates from 1st January, any project that you wish to have processed under the existing rates MUST be received & quoted by Tuesday, 8 December 2020 with payment to be received by Friday, 11 December 2020.

If you are unable to submit the application to us by this date, you may be charged the new rates.

Questions?

For more details, please see the Frequently Asked Questions from icare HBCF.

 

2. New project application forms

icare HBCF have released version 4.1 of the project application forms. The forms include updated information to assist you in selecting the correct building construction type for your project.

 

3. Project classification infographics and information

HBCF has prepared updated infographics for the construction types of primary and secondary dwellings. There is also a new information sheet defining structural and non-structural work for the purposes of the HBCF.

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HBCF Primary Construction Types Infographic

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HBCF Secondary Dwelling Construction Types Infographic

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Structural vs Non-Structural Construction Type Classification Information

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