7 questions from our users
Does Suncorp Pet Dog Insurance cover treatment for Tetanus resulting from a deep wound injury.
What does like for like mean versus new for old when claiming unrecoverable items with Suncorp Contents Insurance policy?
does your insurance cover busted pipes?
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!!)
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.
can i get insurance for a tradesman damaging my home?
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.
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