HBCF Premium filing 2025
Premium adjustment in the Home Building Compensation Fund (HBCF) ensures future cover for homeowners.
From 1 November 2025, premium rates in the Home Building Compensation Fund (HBCF) have been adjusted. The updates ensure that premium rates are reflective of risk, so that HBCF benefits will be available for all eligible homeowners.
Across the five categories of construction types, the premium rates for two categories are unchanged, with the remaining categories having an increase in premium rates.
The 2025 update reflects the underlying risk experience across the three categories, based on analysis of claim volume and cost. Premium rates are set to achieve sustainable pricing across the portfolio in line with the State Insurance Regulatory Authority (SIRA) premium principles.
"icare regularly reviews pricing in the HBC scheme using independent actuarial analysis. Premiums are adjusted when necessary to keep the fund fair, balanced and sustainable."
Updating premiums for higher-risk categories ensures fairness and sustainability across the scheme and prevents lower-risk single-dwelling builds from subsidising higher-risk projects.
All changes to premium rates are consistent with the State Insurance Regulatory Authority (SIRA) premium principles that include being fair, reflective of risk, affordable and financially viable.
