Latest changes to DBI | Domestic Building Insurance | Master Builders Insurance Brokers (MBIB)
Latest changes to DBI.
VMIA have advised that there will be changes to premiums effective 1 November 2019.
Here's what might affect you:
The premium changes are as follows:
- Multi Dwelling Construction increase by 15%
- All other categories increase by 5%
Please be aware any Certificate of Insurance (COI) applications sitting in your BuildVic cart that remain unpaid will be withdrawn on Thursday 31st October 2019 and you will need to reapply under the new rates.
In order to facilitate a smooth transition to the new rates, any COI applications for certificates that you wish to have processed under the existing rates MUST be received & quoted by Friday 25th October 2019.
If you are unable to submit the application to us by this date, you may be charged the new rates.
Please note if you have access to BuildVic you may lodge & pay for your application straight away (providing the application does not refer).
See FAQs for more details: