SGIC - Building Insurance

SGIC Building Insurance Review

Rates and fees information correct as at 16 October 2018.

Review published: 20 September 2017

What's hot:

  • Underinsurance protection

  • Flood cover included at no extra cost

What's not:

  • No new for old replacement

  • Monthly premium payments cost extra

Mozo snapshot:

SGIC's Home Plus Insurance policy aims to keep your home in tiptop shape, with a long list of inclusions and benefits. If you’re worried that your home may be underinsured, SGIC Home Plus also offers underinsurance protection of up to 25% of the sum insured amount. It’s worth mentioning that you’ll be able to score a few discounts for combining policies as well as a loyalty discount, plus, if you’ve kept a good claims history, you’ll receive a discount for this too.

Key features:

SGIC Home Plus Insurance will give your home cover against natural disasters like fires, floods, storms and lightning plus 10 other listed events. Unlike many other home insurance policies, you’re automatically covered for accidental damage and electrical motors burning out. However,  you won’t be covered for are power and storm surges.

As this is a buildings insurance policy, your fixtures like doors, walls roofs will also be covered along with gates and fences. If you ever decide renovate, building materials are also covered. Temporary accommodation for you and your pet will also be covered if your home becomes unlivable along with debris removal, demolition costs and temporary repairs. 

Who it's good for:

As SGIC is South Australian, SGIC Home Plus is a great choice for South Australian homeowners looking for a policy that has their home covered from the inside out.  

Any catches?

While SGIC do offer cover for any building or structural repairs, if you are deciding to renovate you should know that you will not be covered for any expansions or shrinkings you make in buildings, foundations, walls and pavements.  

Plus, as you are given the option to pay your premium on a monthly basis, you will have to pay extra for this.  




How is SGIC home insurance rated by the Mozo community?

Product Type Overall Rating Price Features Service Claims Handling Trust
SGIC home insurance
8.3

Based on 56
SGIC home insurance reviews

8.0 8.1 8.3 7.7 8.0

Latest review of SGIC Building Insurance

SGIC

SGIC Home Insurance home insurance review

Overall rating   7 / 10

Low fees and good bundle deals

Their fees are reasonable, when I ring I am not on hold for very long, they direct debit straight out of my account and if I do choose to bundle any other things that I want insured, I will get a discount.

Full review

Their fees are reasonable, when I ring I am not on hold for very long, they direct debit straight out of my account and if I do choose to bundle any other things that I want insured, I will get a discount.

    Value for money   7 / 10

    Policy coverage   6 / 10

    Customer service   8 / 10

    Claims handling   6 / 10

    Trust   7 / 10

Less

Emily, South Australia, reviewed over 4 years ago

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Currently showing

Buildings

  • Up to $1,000

  • Up to sum insured

Events

  • Optional extra

  • Optional extra

Policy and service features

  • 60

  • $100

  • Multipolicy, loyalty, no claims bonus, combined policy

  • Up to $20,000,000

Other cover

  • Up to $10,000 for funeral

  • Reasonable cost

  • Up to 12 months

  • Up to 12 months

Buildings

  • Up to $5,000

  • Up to $2,000

  • Up to sum insured

Events

  • Up to 15 years old

Policy and service features

  • 60

  • Yes - Up to 25% of sum insured

  • $100

  • Multipolicy, loyalty, no claims bonus, combined policy

  • Up to $20,000,000

Other cover

  • Up to $10,000 for funeral

  • Reasonable cost

  • Up to 24 months

  • Up to 24 months

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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