CGU - Building Insurance

CGU Building Insurance Review

Rates and fees information correct as at 16 November 2018.

Review published: 20 September 2017

What's hot:

  • Mozo Experts Choice Award 2017

  • Fee-free monthly repayment option

  • Up to 12 months temporary accommodation

  • Built-in flood cover

What's not:

  • No landscaping cover

Mozo snapshot:

CGU’s Fundamentals Building Insurance provides all the basic features you’ll need to protect your home, plus some advantages you might not expect from a low cost policy, which is why our experts awarded it a 2017 Mozo Experts Choice Award. With automatic flood cover, cover for the costs of temporary accommodation costs for up to 12 months and the option to make fee-free monthly repayments, CGU’s low cost policy could be the perfect option for your own home.  



Key features:

With a CGU Fundamentals Building Insurance policy you’ll know your home is insured against all the standard events, from minor occurrences such as accidental glass breakage to natural events like lightning strikes and impacts from falling trees. CGU even provides automatic flood cover (which is usually an optional extra), but your policy won’t cover your house for damage from storm surges or power surges.

If an event does occur that leaves your home damaged or destroyed the policy will cover any debris removal or demolition costs (up to 10% of the sum insured), up to $1,000 for the replacement of locks and keys, as well as alternative accommodation costs for your family and pets for up to 12 months (also up to 10% of sum insured).

Unlike many other insurance policies, CGU Fundamentals Building Insurance can be paid in monthly installments or as a yearly lump sum without incurring additional fees, and with the 24/7 claims line you’ll be able to contact CGU at any time.

Who it's good for:

CGU’s Fundamentals Building Insurance is more than just a low cost building insurance option - with it’s range of additional features it can provide any homeowner with the comprehensive protection and cover needed for their own home.  



Any catches?

The Fundamentals Building Insurance policy doesn’t offer cover for trees or plants damaged or destroyed in an event. As with any insurance policy there is going to be some exclusions so be sure that you read the PDS in full before signing up.



How is CGU home insurance rated by the Mozo community?

Product Type Overall Rating Price Features Service Claims Handling Trust
CGU home insurance
7.5

Based on 172
CGU home insurance reviews

7.2 7.7 7.8 7.5 7.5

Latest reviews of CGU Building Insurance

CGU

CGU Fundamentals Home Insurance home insurance review

Overall rating   9 / 10

Tremendous.

First class with a difficult claim caused by a third party.

Full review

First class with a difficult claim caused by a third party.

    Value for money   8 / 10

    Policy coverage   8 / 10

    Customer service   10 / 10

    Claims handling   10 / 10

    Trust   8 / 10

Less

Merv, Western Australia, reviewed almost 3 years ago

CGU

CGU Fundamentals Home Insurance home insurance review

Overall rating   8 / 10

Reasonable premium on direct debit

Reasonable premium on monthly direct debit.

Full review

Reasonable premium on monthly direct debit.

    Value for money   8 / 10

    Policy coverage   8 / 10

    Customer service   8 / 10

    Trust   8 / 10

Less

Stuart, Victoria, reviewed about 3 years ago

CGU

CGU Fundamentals Home Insurance home insurance review

Overall rating   9 / 10

They have the WOW factor

The Staff are very knowledgeable and offer advice, very pleasant to deal with and give you options of coverage. Competitive prices, and can do most things on line.

Full review

The Staff are very knowledgeable and offer advice, very pleasant to deal with and give you options of coverage. Competitive prices, and can do most things on line.

    Value for money   8 / 10

    Policy coverage   9 / 10

    Customer service   10 / 10

    Claims handling   9 / 10

    Trust   9 / 10

Less

Glenys, New South Wales, reviewed about 4 years ago

CGU

CGU Fundamentals Home Insurance home insurance review

Overall rating   9 / 10

Trustworthy, proactive insurance company

Great proactive company in our area. Good, caring staff. No hassles insurance.

Full review

Great proactive company in our area. Good, caring staff. No hassles insurance.

    Value for money   8 / 10

    Policy coverage   9 / 10

    Customer service   10 / 10

    Claims handling   10 / 10

    Trust   9 / 10

Less

Susan, Victoria, reviewed over 4 years ago

CGU

CGU Fundamentals Home Insurance home insurance review

Overall rating   3 / 10

This insurance company is not up to my expectation

Our building insurance was with them. During a rainstorm water came through our roof. I contacted them. Their phone number was difficult to fund. When I got through the customer service officer has poor knowledge of products. Their record...

Full review

Our building insurance was with them. During a rainstorm water came through our roof. I contacted them. Their phone number was difficult to fund. When I got through the customer service officer has poor knowledge of products. Their record keeping was not to my expectations. Every time I rang I had to repeat my incident. It took over 12 months to finalise our claim which by the way was a minor claim.

    Value for money   5 / 10

    Policy coverage   5 / 10

    Customer service   3 / 10

    Claims handling   2 / 10

    Trust   1 / 10

Less

Ruth, , reviewed over 4 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Currently showing

Buildings

  • Up to sum insured

Events

Policy and service features

  • 60

  • $250

  • No

  • Up to $20,000,000

Other cover

  • Up to $1,000

  • Up to 12 months, up to 10% of sum insured

  • Up to 12 months

  • Up to 10% of sum insured combined with demolition cost

  • Up to 10% of sum insured combined with debris removal cost

Buildings

  • Up to $1,500

  • Up to sum insured

Events

  • Up to 15 years old

Policy and service features

  • 60

  • $250

  • No

  • Up to $20,000,000

Other cover

  • Up to $10,000 for funeral or injury

  • Reasonable cost

  • Up to 12 months, up to 10% of sum insured

  • Up to 12 months

  • Up to 10% of sum insured combined with demolition cost

  • Up to 10% of sum insured combined with debris removal cost

Buildings

  • Up to $750

  • Up to sum insured

Events

  • Up to 15 years old

Policy and service features

  • 60

  • $250

  • No

  • Up to $20,000,000

Other cover

  • Up to $10,000 for funeral or injury

  • Up to $1,000

  • Up to 12 months, up to 10% of sum insured

  • Up to 12 months

  • Up to 10% of sum insured combined with demolition cost

  • Up to 10% of sum insured combined with debris removal cost

Any information provided on this page should be considered a summary and general advice only. All information should be verified before purchase via the relevant Product Disclosure Statement (PDS).

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