Builders Warranty Premium Increase & New Application Forms

Builders Warranty Premium Increase Effective 2nd October 2017

As previously advised, the NSW Government announced reforms to Builders Warranty earlier this year.

As part of these reforms it was announced there would a rate rise effective 2nd October 2017.

The rate increase applies to the following project types:

• Single Dwellings / Cottages
• New Multi Units and Townhouses including duplexes, triplexes and villas

There is no rate increase at this time for the following project types:

• Structural Alterations & Additions
• Swimming Pools
• Non Structural renovations

The rate increase will apply to all certificates issued on or after 2nd October 2017 regardless of when your application form was received for the following project types:

• Single Dwellings / Cottages
• New Multi Units and Townhouses including duplexes, triplexes and villas

In order to ensure that your Builders Warranty Certificate is issued prior to new rate increase we require your completed application form, payment and any supporting documents requested by midday Wednesday 27th September 2017.

New HBCF Forms Effective Immediately
HBCF have updated the following forms which are to be used effectively immediately

• Job Specific Application Form CIMS 2.0
• Multi Unit Application Form CIMS 2.0
• Builder Project Completion Advice CIMS 2.0
• Eligibility Application Form 3.0

These forms can be obtained from – https://www.buildersbroker.com.au/builders-warranty-insurance/
These forms can be signed electronically if you wish – just follow the prompts in the signature field.

If you have any further questions about these changes please do not hesitate to contact our office and speak to a member our Builders Warranty Team.