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 |
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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. 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. 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. 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. 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 |