Home Warranty Premiums increases (VIC) 07/05/2013

MBA Insurance Services have been advised by the Victorian Managed Insurance Authority (VMIA) that they will increase Home Warranty premiums in the coming month.

The VMIA have advised that they will increase three classes of premium:
• Category A Builders;
• Builders that are not on the current variable rate premium (Flat Rate Builders);
• Multi dwelling development projects.

Builders in one or more of these classes are encouraged to take the necessary steps to ensure that they are not caught out by these changes.

As soon as MBA Insurance Services become aware of the details and timeframes of these changes to premiums we will advise members and clients of these changes.

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