CGU Building Insurance

This product is available in different versions. Pick the right version for you here.

The details shown below are for the Fundamentals Home Insurance

The details shown below are for the Accidental Damage Home Insurance

The details shown below are for the Listed Events Home Insurance

Choose the version of this loan that suits you best

  • Fundamentals Home Insurance

  • Accidental Damage Home Insurance

  • Listed Events Home Insurance

CGU Building Insurance

CGU Building Insurance

CGU Building Insurance

Mozo Review   CGU Building Insurance Review

Last updated: 6 November 2018.

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.



Details

Rates and fees information correct as at 21 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Buildings
Events
Policy and service features
  • 60

  • $350

  • No

  • Up to $20,000,000

Other cover
  • Up to $1,000

  • Up to 12 months, up to 10% of sum insured combined with temporary accommodation for pets

  • Up to 12 months, up to 10% of sum insured combined with temporary accommodation

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

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

Details

Rates and fees information correct as at 21 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Buildings
  • Up to $1,500 for plants

Events
  • Up to 15 years old

Policy and service features
  • 60

  • $350

  • No

  • Up to $20,000,000

Other cover
  • Up to 12 months, up to 10% of sum insured combined with temporary accommodation for pets

  • Up to 12 months, up to 10% of sum insured combined with temporary accommodation

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

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

Details

Rates and fees information correct as at 21 November 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Buildings
  • Up to $750 for plants

Events
  • Up to 15 years old

Policy and service features
  • 60

  • $350

  • No

  • Up to $20,000,000

Other cover
  • Up to $1,000

  • Up to 12 months, up to 10% of sum insured combined with temporary accommodation for pets

  • Up to 12 months, up to 10% of sum insured combined with temporary accommodation

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

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

Customer Reviews

How are CGU home insurance rated by the Mozo community?

Overall customer rating
7.5/10
Value for money
7.2/10
Policy coverage
7.7/10
Customer service
7.8/10
Claims handling
7.5/10
Trust
7.5/10

Latest reviews of CGU Building Insurance

  • Overall
    10/10
    Fortnightly payments for budget conscious.

    One of the very few who offer fortnightly policy payments with no extra fee. Perfect for budgeting!

    One of the very few who offer fortnightly policy payments with no extra fee. Perfect for budgeting!

    Value for money
    10/10
    Policy coverage
    10/10
    Customer service
    10/10
    Claims handling
    -1/10
    Trust
    10/10

    Adrian | Western Australia

    reviewed 1 day ago

  • Overall
    9/10
    Tremendous.

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

    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

    Merv | Western Australia

    reviewed almost 4 years ago

  • Overall
    8/10
    Reasonable premium on direct debit

    Reasonable premium on monthly direct debit.

    Reasonable premium on monthly direct debit.

    Value for money
    8/10
    Policy coverage
    8/10
    Customer service
    8/10
    Claims handling
    -1/10
    Trust
    8/10

    Stuart | Victoria

    reviewed about 4 years ago

  • Overall
    9/10
    They have the WOW factor

    The Staff are very knowledgeable and offer advice, very pleasant to deal with and give you...

    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

    Glenys | New South Wales

    reviewed about 5 years ago

  • Overall
    9/10
    Trustworthy, proactive insurance company

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

    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

    Susan | Victoria

    reviewed over 5 years ago

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