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.
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.