CGU - Building Insurance

CGU Building Insurance Review

Review published: 20 September 2017

What's hot:

  • Built-in flood cover

  • Fee-free monthly repayment option

  • Up to 12 months temporary accommodation

  • Mozo Experts Choice Award 2017

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
7.6

Based on 146
CGU home insurance reviews

7.1 7.7 7.8 7.4 7.5

Latest reviews of CGU Building Insurance

CGU

CGU home insurance review

Overall rating   10 / 10

Premiums are so affordable

I had a theft from my home and CGU were so helpful, understood the impact this experience had on me and settled on my telephone and tablet quickly so that I could communicate and then settled the rest of my claim effectively. I would recommend...

Full review

I had a theft from my home and CGU were so helpful, understood the impact this experience had on me and settled on my telephone and tablet quickly so that I could communicate and then settled the rest of my claim effectively. I would recommend this insurer highly.

    Value for money   10 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Glenda (TAS), reviewed 5 months ago

CGU

CGU Fundamentals Home Insurance home insurance review

Overall rating   6 / 10

Need to keep options open

Only ever had 1 claim in 15 years and yet still have yearly increases above CPI.

Full review

Only ever had 1 claim in 15 years and yet still have yearly increases above CPI.

    Value for money   5 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

David (VIC), reviewed 5 months ago

CGU

CGU Fundamentals Home Insurance home insurance review

Overall rating   7 / 10

Very helpful

Always there to help and the products are good for my personal needs and cover what I need.

Full review

Always there to help and the products are good for my personal needs and cover what I need.

    Value for money   9 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Julianna (SA), reviewed 5 months ago

CGU

CGU Fundamentals Home Insurance home insurance review

Overall rating   10 / 10

Competitive product, premium and service

Best value for money with the range of inclusions covered in the policy.

Full review

Best value for money with the range of inclusions covered in the policy.

    Value for money   10 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Karen (NSW), reviewed 7 months ago

CGU

CGU home insurance review

Overall rating   10 / 10

Great insurance company

They were great to deal with when I had my car stolen.

Full review

They were great to deal with when I had my car stolen.

    Value for money   10 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Brad (TAS), reviewed 7 months 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

  • 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%

  • Up to 12 months

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

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

Buildings

  • Up to $1,500

  • 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 removal of debris

Buildings

  • Up to $750

  • 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 removal of debris

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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