DeadVim

Rightyho, Suncorp have hiked our premium from $1000 a year to $1500 we haven't claimed in the 3 years we have been with them).

We expected a rise given recent events but this is just extracting the Michael so ...

Their main is selling point is the comprehensive flood cover, which we need (backing onto a creek and all).

Recommendations before I do the tedious thing and hit the majors anyone?

Ta muchly.

spottydog

ANZ introduced flood cover as standard last year, maybe with a try

ABCDiamond

I checked the extra cost for flood cover a short while back and the extra was just about $500, on my $983 premium.

Suncorp is actually quite big: AAMI, GIO, Suncorp, Vero, Apia and Shannons are some of the brands in the Suncorp Group

DeadVim

Ta

Thanks for the comparison, Suncorp certainly has widely spread tentacles ... no getting away from their underwriting policies ... used to work next to the insurance guys actually. Bigger drinkers than us, and that was saying something ...

renth

My renewal's just come through, no flood cover. $1560 - SGIO

DeadVim

Blimey, maybe 1500 is the going rate ... what with this and lettuce ...

goldchoccycoin

Someone recommended St George to me for flood cover. Apparently they and Suncorp offer the most comprehensive policies. However, I cannot verify that!!

Bix

When I came here 6 years ago flood insurance was taboo. I only found one company willing to offer cover but unfortunately I don't own Fort Knox so didn't go for it.

Had many a discussion about the fact I live up a hill but that didn't matter. The whole of Cairns was off limits.

Combank have been chasing my business over the last year.
I was having a discussion with a person trying to sell me their insurance and I pointed out AAMI were owned by Suncorp. She
didn't know that but her manager overheard and no matter what I said they were adamant it was not the case.

When they phoned me a while later to follow up I pointed out that I was not comfortable going with a company who clearly do not know the insurance industry and cited the manager.

DeadVim

I'll give them a go, thanks!

Spectacular isn't it ... you are hardly likely to trust them come claim time, first impressions with these people really do count ... I've had a similar experience with the Youi mob (car insurance) and I wouldn't touch them with a barge-pole now.

ABCDiamond

St George definition of Flood:
Policy Condition:
Sounds good

Scotty1

Try
westpac
onepath
GIO

All do flood cover according to Choice report on insurance - don't know the cost though or if they have changed minds since floods

Good luck

DeadVim

Thanks, top work!

Thanks!

Not heard of onepath, I believe GIO are the same as Suncorp up here in QLD?

Westpac I do know, will check them out too

(edit) Hmmm, onepath definition sounds comprehensive, not sure if they are keen on QLDers, will check it out.

ABCDiamond

Read the conditions carefully for Onepath insurance...

GIO = Suncorp
Westpac = St George

furbacchione

you have to be very careful about associating companies together and assuming they offer the same thing. i believe that's what caught many out in bris. suncorp was the underwriter but these smaller companies were excluding things like floor cover.

I've gone with westpac as they make the statement they're not the cheapest but they play no games - which is highly unusual in in this country for the insurance business.

justcantwait

I've been told that Westpac are underwritten by Suncorp, and have been cheaper, i am with Suncorp cost me just over $1000, was before the floods though......just!