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. All applications are processed through insurance brokers and 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)

From To
2000 2309
2315 2327
2555 2574
2745 2786

Regional

From To
2311 2312
2328 2551
2575 2594
2618 2739
2787 2898
Other - 2611, 3644, 3691, 3707, 4377, 4380, 4383, 4385

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

No Charge.

Broker Policy Issuing Fee retained (not refunded)

7.5%, if amendment affects (+, -) base premium. 12.5% of the Base Premium with a minimum charge of $150+GST per certificate
10% of the Base Premium with a minimum charge of $150+GST (can be negotiated depending on contract size) 10% of the Base Premium with a minimum charge of $150+GST (can be negotiated depending on contract size)
12.5% of the Base Premium with a minimum charge of $150+GST per certificate
12.5% of the Base Premium with a minimum charge of $150+GST per certificate
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

$125

Broker Policy Issuing Fee partially refunded (retaining up to $125)

% if amendment affects (+,-) base premium 12% of the base premium plus a service fee of $95 7% of the base premium plus a service fee of $95 capped at $5,000
7% of the base premium plus a service fee of $95 capped at $5,000
15% of the base premium plus a service fee of $95 per policy
22% of the base premium plus a service fee of $95 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 $2,500 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