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NEWS:


Changes to NSW Home Warranty insurance effective October 2017

icare hbcf announces further changes to NSW Home Warranty insurance

icare hbcf has recently announced further changes to Home Warranty insurance in New South Wales which will come into effect in October 2017. The changes include the appointment of twenty four approved Home Warranty insurance distributors. After undertaking a rigorous tender process, we are pleased to advise that HIA Insurance Services has been successful in achieving appointment as one of the icare hbcf approved distributors. The tender process determined a selection of distributors that have the right capability and expertise to provide high quality Home Warranty insurance services to the building industry.

What changes are occurring?

  • All builders must have appointed an icare hbcf approved distributor to continue accessing Home Warranty Insurance in NSW from October.
  • The second tier of icare hbcf premium increases will take effect from 2 October 2017.
  • icare hbcf have confirmed that there will be no discretion allowed to the new premiums after 2 October 2017. Applications submitted after 5pm on 29 September 2017 will have the new pricing increases applied.
  • icare hbcf have recently updated the Home Warranty application forms. 

How does this affect your business?

Clients of non-appointed distributors

If your current broker has not been appointed as a Home Warranty distributor, you will need to appoint a distributor by 29 September 2017 to avoid any delays in the issuing of Home Warranty insurance certificates and services.

Contact HIA Insurance Services to find out if your broker has or has not been appointed as a Home Warranty insurance distributor in NSW, call 1800 633 467.

How to appoint a Home Warranty distributor?

To appoint a Home Warranty distributor you will need to complete a letter of appointment (LOA). If you choose to elect HIA Insurance Services as your Home Warranty distributor you can either post or email the letter of appointment to HIAIS. Click here to download the LOA.

Where to send the letter of appointment:

EMAIL:
hiais.ryde@aon.com

POST:
HIA Insurance Services
Re: Letter of Appointment
PO Box 883
North Ryde, BC 1670


Clients of non-appointed distributors

HIA Insurance Services (HIAIS) has achieved appointment as a distributor of Home Warranty Insurance. For clients of HIAIS there is nothing further for you to do, we will manage the transition on your behalf and will keep you updated. HIAIS will be sending you your new Home Warranty insurance premium rate chart in the coming weeks.

The new Home Warranty application forms can be downloaded below:
Eligibility and change of profile application
Job specific project application
Multi-Unit project application
Builder project completion advice

These forms can also be found on the Apply page under Home Warranty Forms on the HIAIS website by visiting: www.hiainsurance.com.au/Apply.aspx.

Please continue to send Project applications to e: hiais.ryde@aon.com and Completion advices to e: HIAIS.ryde.completions@aon.com

If your current broker has been appointed as a distributor, they will advise you of the changes.
 

Frequently Asked Questions

 

Why you should choose HIA Insurance Services as your Distributor?

HIA Insurance Services specialises in delivering high quality Home Warranty services.

For 32 years HIA Insurance Services (HIAIS) has facilitated the issuing of over one million warranty certificates and conducted in excess of 40,000 builder reviews nationally. HIAIS has one of the largest teams who are specialists in Home Warranty insurance, due to size and experience HIAIS has the ability to offer clients streamlined processes and efficiencies.

HIA Insurance Services have the Home Warranty insurance experience that delivers:

  • Expertise – we have a deep understanding of the underwriter’s requirements and we can support your business to efficiently address underwriting requests, so you can focus on generating income and profit for your business.
  • Efficient 24 - 48 hour delivery of certificates^
  • Achieving business growth – our strength is advising you on the right steps to take to plan for business growth and we will help your business frame the best business case to achieve your desired turnover limit.
  • Specialist advice – with over 32 years’ experience our team are experts in advising you on all aspects of Home Warranty Insurance.

^Provided you have an approved profile with the insurer, and subject to peak periods.

About Us

HIA Insurance Services (HIAIS) is a joint venture between the Housing Industry Association (HIA), the largest national industry association representing the residential construction industry in Australia and Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions. This joint venture provides HIAIS with the unique opportunity to leverage the buying power, insurance, governance and risk capability of Aon as well as accessing the HIA and utilising their deep knowledge of the housing industry. The surpluses that HIA receive from the joint venture are invested in representing the building industry’s best interests with Government and other key stakeholders.

How do I find out who my current broker is?

You can locate your broker on your most recent letter of eligibility or certificate of insurance, your broker will be listed at the top of the certificate.

Why hasn’t my current broker been selected as a distributor?

The new arrangements are intended to streamline the Home Warranty process of purchasing insurance and will allow builders to receive high quality Home Warranty insurance services. A rigorous tender process has recently been conducted by icare hbcf to determine the approved twenty four distributors. Home Warranty insurance is renowned as being a complex product; the tender process has determined a selection of distributors that have the right capability and expertise to provide Home Warranty insurance services for the building industry.

If you would like to learn more about the NSW Home Warranty insurance changes contact HIAIS on 1800 633 467 or visit www.hiainsurance.com.au

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