Latest changes to HBCF | Home Building Compensation Fund (HBCF) | MBA Insurance Services (MBAIS) | Homeowners Insurance | Home Warranty Insurance New South Wales
Latest changes to HBCF reforms.
icare HBCF have advised that there will be changes to premiums effective 1 August 2019.
Here's what might affect you:
1. C09 New Duplex, Dual Occupancy, Triplex & Terrace
Will decrease to the C01 New Single Dwelling rate
2. C02 Multi Dwelling Alterations, C03 New Multi Dwelling Construction Up to 3 Storeys and C08 Multi Dwelling Renovations
Will move towards breakeven premium rates in four rate increases across 2019/20 and 2020/21
In order to facilitate a smooth transition to the new rates, any project applications for certificates that you wish to have processed under the existing rates MUST be received & quoted by Wednesday, 24th July 2019 with payment to be received prior to 29th July 2019.
If you are unable to submit the application to us by this date, you may be charged the new rates.
For more details, please see the Frequently Asked Questions from icare HBCF:
icare HBCF FAQs –
UNDERSTANDING YOUR NEW PREMIUM
For more information, talk to our specialist team call Ph: 1800 150 888