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 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 |