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 Distributors' maximum policy issuing and management fees and charges

Policy issuing fees

All quoted Policy Issuing fees and charges in this table are the maximum policy issuing fees that a broker may charge for that construction type and exclude GST. Brokers will charge a minimum fee per construction type and HBCF recommend builders contact brokers to request their complete fees and charges schedule.

Note Re Policy Issuing fees, Brokers (Distributors) charge per policy or per certificate as listed below. Single dwelling type projects have one policy and one certificate of insurance. Multiple dwelling projects (C02, C03, and C08) will have one policy but will have a certificate of insurance for each dwelling within that project, i.e. each unit/apartment will have a certificate of insurance.

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 20% of base premium 20% of base premium 20% of base premium 20% of base premium 20% of base premium per policy 20% of base premium per policy 20% of base premium per policy 20% of base premium per policy
Finsura & HBW Solutions 10% of the base premium 10% of the base premium 10% of the base premium
10% of the base premium 7.5% of the base premium per policy
7.5% of the base premium per policy
7.5% of the base premium per policy
10% of the base premium 
HIA Insurance Services 16% of the base premium plus an application fee of up to $200 18% of the base premium plus an application fee of up to $200
29% of the base premium plus an application fee of up to $200
15% of the base premium per certificate plus an additional application fee of up to $200
4% of the base premium per certificate plus an additional application fee of up to $200
5% of the base premium per certificate plus an additional application fee of up to $200
7% of the base premium per certificate plus an additional application fee of up to $200 
29% of the base premium per policy plus an additional application fee of up to $200
Insurance House Group $750 $750
$750
$750 $5,000 per policy
$5,000 per policy
$5,000 per policy
$750 per policy
Master Builders Queensland 11% of the base premium plus a service fee of $75 16% of the base premium plus a service fee of $75
22% of the base premium plus a service fee of $75 11% of the base premium plus a service fee of $75
$5,000 per policy
$5,000 per policy
$5,000 per policy 22% of the base premium plus a service fee of $75 per policy
Master Builders Insurance Brokers 15% of the base premium 20% of the base premium
20% of the base premium  15% of the base premium
5% of the base premium per certificate
5% of the base premium per policy
5% of the base premium per certificate
20% of the base premium per policy
SHC Insurance Brokers 16% of the base premium plus an administration fee of $110 16% of the base premium plus an administration fee of $110
16% of the base premium plus an administration fee of $110
16% of the base premium plus an administration fee of $110
$5,000 per policy $5,000 per policy $5,000 per policy
16% of the base premium plus an administration fee of $110
The Builders Insurance Broker

$2,500 per certificate

$2,500 per certificate

$1,500 per certificate

$1,500 per certificate
$2,000 per certificate
$500 per certificate $500 per certificate

$500 per policy

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

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. Broker policy issuing fee retained (not refunded) 20% of base premium
Finsura & HBW Solutions $50 per policy. Broker policy issuing fee retained (not refunded) $50 to only be charged should there be any change in premium whether extra premium or refund
HIA Insurance Services $75 per certificate. Broker policy issuing fee and additional application fee retained (not refunded) $75
Insurance House Group No charge. Broker policy issuing fee retained (not refunded) $100
Master Builders Queensland No charge. Policy issuing and service fee are refunded 22% if amendment affects (+,-) base premium
Master Builders Insurance Brokers $50 per certificate. Broker policy issuing fee retained (not refunded) 20% of the increase in the HBCF base premium 
SHC Insurance Brokers $50 per policy. Broker policy issuing fee retained (not refunded) Variations that result in a premium increase will attract a broker fee of 16% on base premium
The Builders Insurance Broker $150 per certificate. Broker policy issuing fee retained (not refunded) $150 per certificate if the amendment affects (+,-) base premium
Willis Towers Watson $250 per certificate. Broker policy issuing fee retained (not refunded) $250 per certificate