icare HBCF have announced changes to premiums
- Effective 30 July 2021.
Here's what might affect you:
Premium changes effective 30 July 2021
- C01 New Single Dwellings premiums will reduce by 6%
- C09 New Duplex, Dual Occupancy, Triplex and/or Terrace (attached) Construction premiums will reduce by 6%
- C05 – Swimming Pools reduce by 9%
- C04 Single Dwelling Alterations – Structural will increase by 9%
- C06 Renovations- Non Structural increase by 9%
- C07 – Other – not included above increase by 9%
- C03 New Multi Unit Development premiums will increase by 17%
- C02 Multiple Dwellings Alterations/Additions- Structural premiums will increase by 50%
- C08 Multiple Dwellings Renovations NON- Structural premiums will increase by 35%
Frequently Asked Questions
We have attached HBCF’s FAQs here along with the risk factors that can impact premiums here.
In order to facilitate a smooth transition to the new rates, any project applications for certificates that you wish to have processed under the existing rates MUST be received & quoted by Monday, 19 July 2021 with payment to be received prior to Wednesday, 28 July 2021.
If you are unable to submit the application to us by this date, you may be charged the new rates.
