Neil S

We took out a policy with our bank when we arrived and have recently made a claim for accidental damage to a TV. Our insurers have said OK to covering part of the cost to buy a new one, however they say we have to pay the excess. The excess is a staggering 500 dollars!!!!!

Anyone got any suggestions for us to switch insurance companies in Oz.

Thanks

ABCDiamond

I think that most Insurers allow the option for ZERO excess. I am pretty sure AAMI do, although we go with a $300 excess.

OzSheila

Yes I was suprised to find our policy here has an excess of $300 as standard. We have been used to £50 as standard in the UK!

Ceri

Without looking at my policy as I haven't got it on me at this moment in time - We have an excess of a couple hundred $$ too . Hubby broke a window a few months back, and it just wasn't worth us claiming on the insurance for it. No big deal though, It was only a few hundred

We are with Au unity, we've been with them for years ( our account does not have a nil option), but they do have a nil excess option on two of their lower insurance packages ( The "extra care" and "everday care" accounts) . Also the options like $100 excess, $200 excess, etc Most insurers should have these options.

http://www.australianunity.com.au/au...source=topmenu

I wouldn't think it's any different to most insurers either - world wide, it depends on the policy you have with your insurers - hasn't your bank/insurers got a few different insurance accounts/options?


You can get an immediate quote online with Au unity, and buy it online with them in a matter of minutes ( and be covered immediately if you choose to do so). I think it is one of the few companies that do this - online ordering, no hassles -
Don't ask me what they are like with they fastness of pay outs with claims - I don't know, we've never had to make a claim off them in all the years we've been with them ( touch wood)

cheers

Jessie James

We just switched from RACV Home Insurance (apparently if you have home and car insurance with them you get a reduced rate but realised they were charging way over the odds for home insurance with the 'discount') to Allianz. They are pretty good - unfortunately had to make a claim within a few months of joining but they paid up within a fortnight. There was $100 excess but you can opt for $0 excess (and higher premiums) too.

ABCDiamond

I was just googling to find out what the standard excesses are these days (I used to be in Insurance once, so I am curious how things have changed)

I found that Allianz has a standard $100 excess, as you mentioned, and the only UK google one that came up on the first page was Norwich Union, who quote: "our excess on a standard claim is £100"

Whichever country we are in, we need to check what we buy

NedKelly

What bank are you with. I'll buy shares in them.