QBE have advised that there will be an increase to South Australian Job Specific Building Indemnity Insurance premiums effective 2 November 2020.
The changes are as follows:
- 10% increase to all builder premiums
- 5% increase to multi-unit loading. Multi-unit loading will now be 90%
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 and quoted by Monday 26th October 2020. If you are unable to submit the application to us by this date, then you may be charged the new rates.
If you require further information, please contact our specialist warranty team on 1800 150 888.