An extra premium paid by the homeowner to increase coverage limits from $200,000 to $300,000. Sample Premium Estimates (New Construction)
The premium is a mandatory cost for residential construction work in Queensland valued over $3,300 . Your licensed contractor is responsible for collecting this premium from you—typically as part of your deposit—and paying it to the Queensland Building and Construction Commission (QBCC) on your behalf within 10 business days of signing the contract. Sample Premium Costs qbcc home warranty insurance premium table
While specific tables are updated periodically, here is a general snapshot of premium costs based on project value: What Is the QBCC Home Warranty Insurance Premium? An extra premium paid by the homeowner to
This is the biggest source of confusion. The table lists contract price ranges (e.g., "$200,001 – $300,000"). Sample Premium Costs While specific tables are updated
The serves as the definitive reference for homeowners and contractors in Queensland to determine mandatory insurance costs for residential building projects. Administered by the Queensland Building and Construction Commission (QBCC) , this scheme protects homeowners if a contractor fails to complete work or fails to rectify defects. Mandatory Coverage Thresholds
Six years later, you notice a major structural leak. Even if you've sold the house, the insurance stays attached to the property for 6 years and 6 months , allowing the current owner to claim for defective workmanship. Key Facts to Remember hwi-premium-table-2701-alterations.pdf - QBCC
| Tier | Contract Value (incl. GST) | Premium (Current Estimate) | | :--- | :--- | :--- | | | $3,301 – $10,000 | ~$103.10 | | 2 | $10,001 – $20,000 | ~$206.20 | | 3 | $20,001 – $30,000 | ~$309.30 | | 4 | $30,001 – $40,000 | ~$412.40 | | 5 | $40,001 – $50,000 | ~$515.50 | | 6 | $50,001 – $75,000 | ~$773.25 | | 7 | $75,001 – $100,000 | ~$1,031.00 | | 8 | $100,001 – $150,000 | ~$1,546.50 | | 9 | $150,001 – $200,000 | ~$2,062.00 | | 10 | $200,001 – $250,000 | ~$2,577.50 | | 11 | $250,001 – $300,000 | ~$3,093.00 | | 12 | $300,001 – $350,000 | ~$3,608.50 | | 13 | $350,001 – $400,000 | ~$4,124.00 | | 14 | $400,001 – $450,000 | ~$4,639.50 | | 15 | $450,001 – $500,000 | ~$5,155.00 | | 16 | $500,001 – $550,000 | ~$5,670.50 | | 17 | $550,001 – $600,000 | ~$6,186.00 | | 18 | $600,001 – $650,000 | ~$6,701.50 | | 19 | $650,001 – $700,000 | ~$7,217.00 | | 20 | $700,001 – $750,000 | ~$7,732.50 |