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premium rates as of 2 October 2018
confirmed that new base premium rates will be effective from 2 October 2018.
changes are to C01 – New Dwelling Construction and C09 – New Duplex, Dual
Occupancy, Triplex and/or Terrace (attached) construction which will have base
rate premium increases of 44% and 46% respectively.
advised that there will be no grace period for the changeover to the new
rates. Your policy will need to be paid and issued prior to 2 October
2018 for the old rates to apply.
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 Tuesday, 25th September 2018 with payment to be
received prior to 2 October. If you are unable to submit the application to us
by this date, you may be charged the new rates.
Please also be
mindful that on the Friday (28/09/18) and Monday (01/10/18) prior to the rate
change there is a public holiday in Victoria and New South Wales respectively.
This will impact our and the insurers ability to process last-minute project
applications so we appreciate your assistance in submitting applications by the
our fee structure
with the changes to the HBCF base premium rates, MBAIS has released a new fee
As always, you
can rely on expert advice and support from our highly qualified and experienced
specialist warranty team that sets the industry standard for service.
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