Suncorp Home Insurance Questions

LovelyLady13y

Hello Suncorp. We have been with Suncorp for over 30 years. Our Home Insurance last year was $1,002.24. Our Home Insurance this year for the same property is $10,952.05. This is an increase of 992.8% We have been trying to discuss this per telephone with a Suncorp representitive. We are told that all is in order, and "It is what is is." After requesting that another more Senior Suncorp Representitave call us back, the Suncorp Representitive said that it is not Suncorp Policy to have another Suncorp Representitive call us back to discuss. This occurred after over an hour on the telephone. Please may you explain this exorbitant increase.

Graeme L 3y

That is staggering. Just shop around. Most insurance companies just rely on us being lazy and just renewing but that is an out of this world increase. I just went to a few companies and did online quotes.

Peggysue 3y

We were the same but ours only 48% having been with them for 56yrs. Calls to them the same nothing they can do, they did reduce by around $600. Ha a joke, did an online search & now have much cheaper ins..I suggest you do the same..good luck

Bill5y

Why does your company have such poor reviews

Dendenten6y

I have been quoted a high premium for home and contents because I was flooded in 2011. Can I get a lower cost quote without flood cover?

Elio C.7y

Does Suncorp Pet Dog Insurance cover treatment for Tetanus resulting from a deep wound injury.

Jools8y

What does like for like mean versus new for old when claiming unrecoverable items with Suncorp Contents Insurance policy?

Moll 6y

If its a tv they wont care what u paid for it suncorp compare it to cheapest tv you can by they wont do it buy brand they think cheap tvs are the same as big brand name tvs insure elsewhere suncorp are the worst misleading company you can find dont trust them

Anthony C9y

does your insurance cover busted pipes?

GPM 9y

I have no idea. There were no busted pipes, so not relevant to me. The insurance company can answer that question. Most important, get them to tell you where in the policy document it is covered. You will also need to know how to connect it to the tenant.

solargirl10y

I have been with Suncorp for over 20 years cars, house -the lot and have barely made any claims. We are looking at paying our premiums monthly instead of annually to better manage cash flow. I know this costs relatively a bit more -ie it is not a simple divide the premium amount by 12 -but how much more?? Does anyone know. I called Suncorp to find out and they would not answer the question. He said it was not a simple multiplier such as 5% -yes they had a formula but he could not tell me what it was just said it was less than 20%. I cant find out what the monthly amount would be until my insurance falls due again in July. Our house insurance is already $4,000. 20% of this is another $800!!! Please, does anyone know how much more it costs to pay monthly -? or do I just find another insurer (none of them get very good reviews!!)

UlyssesRM 9y

Hi Solargirl, It's highly likely that Suncorp refer the 'monthly instalments' to a Third Party premium funder (lender) who's rate will vary depending on the total premium. For example, the lower the total premium the higher you can expect the interest rate to be, conversely the higher the premium you pay the lower the interest rate would be. For a total annual amount of $4,000 I would expect 7-10%, though if Suncorp are accepting higher levels of commission from the premium funder this may be realistically higher. I would say other insurers may be as vague as they will only have this information at hand come renewal time, I suggest talking to an insurance professional as they may be able to 'spoof' a quotation to give you an idea of what to expect.

helsbels10y

can i get insurance for a tradesman damaging my home?

UlyssesRM 9y

Hi Helsbels, Should a tradesman damage items in your home you may already be covered under your standard Home and Contents policy, however be sure to check the conditions in the wording surrounding 'construction/renovation' as there may be limits to this cover based on the total value of the work being undertaken. More importantly however, is to ensure that any trades person undertaking work in your home is correctly licensed and that they provide you with a Certificate of Currency for their own business. If they make an error or damage your property you are within your rights to make a claim of their insurance, not your own.

Maria10y

Does Suncorp do pet insurance?

Robert 10y

Hi Maria,

Honestly don't know? I use RSPCA as part of it goes to unwanted pets. It is dear insurance given our Poodle is a true pet but he is getting old so it hopefully will pay off?

Robert