HBCF premium calculator

Homeowners and builders can use our calculator to estimate the premium they will need to pay for a residential building project

Our premium calculator can give you an estimated cost of the total insurance premium payable for your residential building project.

This includes base premium, GST and stamp duty. Applications processed through insurance brokers are subject to additional fees for service, see Distributor fee schedule table below.

Please refer to our Structural V Non-Structural Construction classification types for HBCF Insurance premium purposes guide (PDF 0.1MB) before using the premium calculator. Note the icare HBCF Eligibility Manual is the primary reference when processing applications.

 HBCF Premiums - Postcode Guide
 Metropolitan (Sydney, Newcastle, Central Coast)  Regional
 From To From To
2000 2309 2311 2312
2315 2327 2328 2551
2555 2574 2575 2594
 2745  2786  2618  2739


2787 2898
  Other - 2611, 3644, 3691, 3707, 4377, 4380, 4383, 4385


                                                 

HBCF policy: distributors' maximum fees and charges

Policy issuing fees

Note: all quoted fees and charges exclude GST.

Distributor Policy issuing fee: New Single Dwelling C01 Policy issuing fee: Single Dwelling Alterations C04 Policy issuing fee: Single Dwelling Alterations – non structural C06 Policy issuing fee: New Duplex, Dual Occupancy, Triplex, Terrace C09 Policy issuing fee: New Multi-unit Dwellings C03  Policy issuing fee: Renovations (Structural) – Multi-units C02  Policy issuing fee: Renovations (Non-structural) – Multi-units-Common areas C08  Policy issuing fee: Swimming Pools C05 
Coverforce Insurance Broking Pty Ltd Maximum 20% of base premium Maximum 20% of base premium Maximum 20% of base premium Maximum 20% of base premium Maximum 20% of base premium Maximum 20% of base premium Maximum 20% of base premium Maximum 20% of base premium
Finsura & HBW Solutions 10% of the base premium with a minimum charge of $150 10% of the base premium with a minimum charge of $150 10% of the base premium with a minimum charge of $150
10% of the base premium with a minimum charge of $150 7.5% of the base premium with a minimum charge of $150 (can be negotiated depending on contract size)
7.5% of the base premium with a minimum charge of $150 (can be negotiated depending on contract size)
7.5% of the base premium with a minimum charge of $150
10% of the base premium with a minimum charge of $150 
HIA Insurance Services $200 and broker service charge per policy of up to 16% of the base premium $200 and broker service charge per policy of up to 18% of the base premium
$200 and broker service charge per policy of up to 29% of the base premium
$200 and broker service charge per policy of up to 15% of the base premium
$200 and broker service charge per policy of up to 4% of the base premium
$200 and broker service charge per policy of up to 5% of the base premium
$200 and broker service charge per policy of up to 7% of the base premium 
$200 and broker service charge per policy of up to 29% of the base premium
Insurance House Group $750 $750
$750
$750 per dwelling $750 per dwelling to a maximum of $5,000 per application
$750
$750
$750 per dwelling
Master Builders Queensland 11% plus $75 16% plus $75
22% plus $75 11% plus $75
7% plus $75
11% plus $75
13% plus $75 22% plus $75
Master Builders Insurance Brokers 15% HBCF base premium. Maximum charge $2,500 per certificate,

Note minimum broker fee to apply of $75 
20% HBCF base premium

Note minimum broker fee to apply of $75
20% HBCF base premium

Note minimum broker fee to apply of $75 
15% HBCF base premium

Note minimum broker fee to apply of $75
5% HBCF base premium

Note minimum broker fee to apply of $75
5% HBCF base premium

Note minimum broker fee to apply of $75
5% HBCF base premium

Note minimum broker fee to apply of $75
20% HBCF base premium

Note minimum broker fee to apply of $75
SHC Insurance Brokers 16% plus $100 plus transaction fee of $10.

Capped at a maximum of $5,000 per project
16% plus $100 plus transaction fee of $10 or CO4 fee specific to structural bathroom renovations when it includes waterproofing = 16% of base premium plus $50.

Capped at a maximum of $5,000 per project
16% plus $50 plus transaction fee of $10.

Capped at a maximum of $5,000 per project
16% plus $100 plus transaction fee of $10.

Capped at a maximum of $5,000 per project
12% plus transaction fee of $10.

Capped at a maximum of $5,000 per project 
12% plus $100 plus transaction fee of $10.

Capped at a maximum of $5,000 per project 
12% plus transaction fee of $10.

Capped at a maximum of $5,000 per project 
16% plus $100 plus transaction fee of $10.

Capped at a maximum of $5,000 per project
The Builders Insurance Broker

$200 for contract value under $50,000.

$250 for contract value between $50,001-
$100,000.

Contract value x 0.09% plus $200 for contract value greater than $100,001 (capped at a maximum fee of $2,500 per certificate)

$200 for contract value under $50,000.

$250 for contract value between $50,001-
$100,000.

Contract value x 0.09% plus $200 for contract value greater than $100,001 (capped at a maximum fee of $2,500 per certificate)

$200 for contract value under $50,000.

$250 for contract value between $50,001-
$100,000.

Contract value x 0.063% plus $200 for contract value greater than $100,001 (capped at a maximum fee of $1,500 per certificate)

Contract value $100,001 and above.

Contract value x 0.135% plus $100.

Capped at a maximum fee of $1,500 per Certificate of Insurance
All contracts

Contract value x 0.135% plus $200.

Capped at a maximum fee of $2,000 per Certificate of Insurance
All contracts

Contract value x 0.135% plus $200.

Capped at a maximum fee of $500 per Certificate of Insurance
All contracts

Contract value x 0.135% plus $200 capped at a maximum fee of $500 per Certificate of Insurance

$200 for contract value under $50,000.

$250 for contract value between $50,001-
$100,000.

Contract value x 0.09% plus $200 for contract value greater than $100,001 (capped at a maximum fee of $500 per certificate)

Willis Towers Watson Maximum $2,500 per certificate Maximum $2,500 per certificate
Maximum $2,500 per certificate
Maximum $1,000 per certificate
Maximum $1,000 per certificate
$500 per certificate
$1,000 per certificate
Maximum $500 per certificate

Policy cancellation and amendments fees

Note: all quoted fees and charges exclude GST.

Distributor Policy cancellation fee Policy amendments fee
Coverforce Insurance Broking Pty Ltd No charge Maximum 20% of base premium
Finsura & HBW Solutions Maximum 20% of base premium $50 to only be charged should there be any change in premium whether extra premium or refund
HIA Insurance Services $75 $75
Insurance House Group Original Fee Retained, to a maximum of $750 $100
Master Builders Queensland No charge Amendments: No charge

Downward variation: pro-rata fee reduction excluding $75

Upward variation: pro-rata fee increase excluding $75
Master Builders Insurance Brokers Cancellation retain broker fee and $50 per certificate 20% of the increase in the HBCF base premium 
SHC Insurance Brokers $50 Variations i.e. increase in premium will attract a broker fee of 16% on base premium
The Builders Insurance Broker $150 per certificate Non-financial amendment: No charge
Financial amendment: Maximum $150 per certificate
Willis Towers Watson $250 per certificate $250 per certificate