Major changes announced to Victorian Domestic Building Insurance 07/06/2017
At 3pm today, the Victorian Managed Insurance Authority (VMIA) announced a major change to their Domestic Building Insurance (DBI) service model.
As part of this change, registered Victorian builders seeking to purchase insurance from this government backed insurer must select a licensed distributor to manage their DBI needs from 1 July 2017.
MBA Insurance Services (MBAIS) is one of only six brokers to have been granted a new DBI distribution license, allowing you to deal with us directly or via your broker.
What you need to do before 1 July?
If MBAIS is your DBI broker and you have a valid eligibility limit, you don’t need to do anything. Our dedicated specialist team will continue to proactively support your ongoing eligibility limit management and certificate issuing needs.
If you are using another broker, you may need to take action before 1 July 2017 either directly or via your broker.