Notification of home indemnity insurance premium increase from 1 January 2016
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To strengthen its underwriting of home indemnity insurance the Western Australian Government will raise premiums by 18 per cent from 1 January 2016.
Insurers QBE Insurance Australia and Calliden Group are working to determine how the increase will affect the builders they insure, and will advise them of the new charges as soon as possible.
Builders will need to factor the new premiums into their future building contracts accordingly.
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