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CGU Building Insurance

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 product that suits you best

  • Fundamentals Home Insurance

  • Accidental Damage Home Insurance

  • Listed Events Home Insurance

Fire
Yes
Theft or burglary
Yes
Flood
Yes
Storm
Yes
Building cover
Contents cover
n/a
Fire
Yes
Theft or burglary
Yes
Flood
Yes
Storm
Yes
Building cover
Contents cover
n/a
Fire
Yes
Theft or burglary
Yes
Flood
Yes
Storm
Yes
Building cover
Contents cover
n/a

Mozo editorial review CGU Building Insurance

Last updated: 4 June 2020.

binocular icon
What's hot
  • 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. With automatic flood cover, cover for up to 12 months of temporary accommodation costs and the option to make fee-free monthly repayments, CGU’s low cost policy could be the perfect option for your own home.  



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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), although it should be noted that 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 instalments 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.
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Who is it 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.  



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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 are some exclusions, so be sure that you read the PDS in full before signing up.



Details

Rates and fees information correct as at 25 October 2020. 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
  • Yes

  • No

  • No

  • Yes

Events
  • No

  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

  • No

  • No

  • Yes

  • Yes

  • No

  • Yes

  • Yes

  • Yes

  • Yes

Policy and service features
  • 60

  • No

  • Yes

  • $350

  • true

  • yes

  • No

  • Yes

  • Up to $20,000,000

  • none

  • none

Other cover
  • No

  • 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

  • No

*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).

Details

Rates and fees information correct as at 25 October 2020. 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
  • Yes

  • No

  • Up to $1,500 for plants

  • Yes

Events
  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

  • Up to 15 years old

  • No

  • Yes

  • Yes

  • No

  • Yes

  • Yes

  • Yes

  • Yes

Policy and service features
  • 60

  • No

  • Yes

  • $350

  • true

  • yes

  • No

  • Yes

  • Up to $20,000,000

  • none

  • none

Other cover
  • No

  • Yes

  • 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

  • No

*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).

Details

Rates and fees information correct as at 25 October 2020. 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
  • Yes

  • No

  • Up to $750 for plants

  • Yes

Events
  • No

  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

  • Yes

  • Up to 15 years old

  • No

  • Yes

  • Yes

  • No

  • Yes

  • Yes

  • Yes

  • Yes

Policy and service features
  • 60

  • No

  • Yes

  • $350

  • true

  • yes

  • No

  • Yes

  • Up to $20,000,000

  • none

  • none

Other cover
  • No

  • 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

  • No

*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).

Customer Reviews

How are CGU home insurance rated by the Mozo community?

Overall
7.5/10
Value for money
7.1/10
Policy coverage
7.7/10
Customer service
7.7/10
Claims handling
7.4/10
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!

    Read full review

    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
    Less
    Adrian, Western Australia reviewed 11 months ago
  • Overall 9/10
    Tremendous.

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

    Read 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 5 years ago
  • Overall 8/10
    Reasonable premium on direct debit

    Reasonable premium on monthly direct debit.

    Read full review

    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
    Less
    Stuart, Victoria reviewed about 5 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 options of coverage. Competitive prices, and can do most things on line.

    Read 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 6 years ago
  • Overall 9/10
    Trustworthy, proactive insurance company

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

    Read 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 6 years ago
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