Here is a breakdown of how the works, as the cost is not a flat percentage—it uses a tiered scale . 🔢 The QBCC Premium Tiers (Standard Class 1a & 2 Buildings) The premium is calculated based on the Contract Price (or estimated value). The more expensive the project, the higher the tier—but the rate per dollar decreases slightly at higher tiers.
🔗 qbcc.qld.gov.au → Licensing → Home Warranty Insurance Have you noticed the July 1 premium increases affecting your quotes for small renovations (Tiers 1-5) more than larger builds? Let me know your experience below. qbcc home warranty insurance premium table
Note: This is based on the standard tiered system effective as of the latest QBCC schedule. Premiums are subject to change (typically indexed annually on 1 July). Always verify on the official QBCC website. 📊 Understanding the QBCC Home Warranty Insurance Premium Table (2024-2025) Here is a breakdown of how the works,