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.
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
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: Brokers (Distributors) charge per policy or per certificate as listed below. Multiple dwelling projects will have one policy but may have a certificate of insurance for each dwelling within that project, this is calculated on the value of the contract/number of dwellings, contact your broker for details.
| Distributor | Policy Cancellation Fee | Policy Amendments Fee | Policy Issuing Fee – New Dwelling Construction H01 | Policy Issuing Fee – Building Work to an Existing Residential Apartment Building H02 | Policy Issuing Fee – New Residential Apartment Building Construction H03 | Policy Issuing Fee – Building Work to an Existing Dwelling H04 | Policy Issuing Fee – Swimming Pools H05 |
|---|---|---|---|---|---|---|---|
| Coverforce Insurance Broking Pty Ltd |
No Charge Broker Policy Issuing Fee retained (not refunded) |
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 | 20% of base premium per policy |
| Finsura & HBW Solutions |
$50 per policy Broker Policy Issuing Fee retained (not refunded) |
$50 if amendment affects (+,-) base premium | 10% of the base premium |
7.5% of the base premium per policy | 7.5% of the base premium per policy |
10% of the base premium per policy |
10% of the base premium per policy |
| HIA Insurance Services |
$75 per certificate Broker policy Issuing Fee and additional application fee retained (not refunded) |
$75 | 16% of the base premium plus an application fee of up to $200 | 3% of the base premium per certificate plus an additional application fee of up to $200 | 5% of the base premium plus an additional application fee of up to $200 | 19% of the base premium 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 |
No charge Broker Policy Issuing fee retained (not refunded) |
$100 per policy | $750 per certificate | $5,000 per policy | $5,000 per policy | $750 per certificate | $750 per certificate |
| Master Builders Queensland |
No charge Broker Policy Issuing Fee and service fees are refunded |
22% if amendment affects (+,-) base premium | 11% of the base premium plus a service fee of $75 | 7% of the base premium plus a service fee of $75 |
7% of the base premium plus a service fee of $75 capped at $5,000 |
11% of the base premium plus a service fee of $75 per policy |
22% of the base premium plus a service fee of $75 per policy |
| Master Builders Insurance Brokers |
$50 per certificate Broker Policy Issuing Fee retained (not refunded) |
20% of the increase in HBCF base premium | 15% HBCF base premium per certificate | 5% HBCF base premium per certificate |
5% HBCF base premium per certificate |
20% HBCF base premium per certificate |
20% 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 | 16% of the base premium plus an administration fee of $150 per certificate | 12% of the base premium plus an administration fee of $150 per policy | $7,000 per policy | 16% of the base premium plus an administration fee of $150 per certificate | 16% of the base premium plus an administrative fee of $150 per certificate |
| The Builders Insurance Broker |
$150 per certificate Broker Policy Issuing Fee retained (not refunded) |
10% of base premium with a minimum of $150 per certificate if the amendment affects (+,-) base premium | $2,500 per certificate | $500 per certificate | $1,000 per certificate | $2,500 per certificate | $500 per policy |
| Willis Towers Watson |
$250 per certificate Broker Policy Issuing Fee retained (not refunded) |
$250 per certificate | $2,500 per certificate | $1,000 per certificate | $1,000 per certificate | $2,500 per certificate | $500 per certificate |