SGIC - Building Insurance

SGIC Building Insurance Review

Rates and fees information correct as at 21 November 2017.

Review published: 20 September 2017

What's hot:

  • Mozo 2017 Experts Choice winner

  • Underinsurance protection

  • Multipolicy discount, no claims bonus, loyalty discount

What's not:

  • No new for old replacement

  • Monthly premium payments cost extra

Mozo snapshot:

Taking out an Experts Choice Award for Exceptional Quality Home Buildings Insurance is SGIC with its Home Plus Insurance. This is a policy that 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
8.2

Based on 45
SGIC home insurance reviews

7.7 8.2 8.4 7.8 8.0

Latest reviews of SGIC Building Insurance

SGIC

SGIC Home Insurance home insurance review

Overall rating   10 / 10

They take the worry out of crash repairs

I like SGIC because they offer bonuses for having more than one policy. They are very clear on the phone when I have a query and were extremely helpful when I needed to take my car to the crash repairer.

Full review

I like SGIC because they offer bonuses for having more than one policy. They are very clear on the phone when I have a query and were extremely helpful when I needed to take my car to the crash repairer.

    Value for money   10 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Ellen (SA), reviewed 5 months ago

SGIC

SGIC Home Insurance home insurance review

Overall rating   10 / 10

Completely satisfied

I have found SGIC to be excellent in all respects when it comes to my contents insurance from claims to premiums. They even contact me regularly to make sure my cover is up to date.

Full review

I have found SGIC to be excellent in all respects when it comes to my contents insurance from claims to premiums. They even contact me regularly to make sure my cover is up to date.

    Value for money   10 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

John (SA), reviewed 5 months ago

SGIC

SGIC Home Insurance home insurance review

Overall rating   8 / 10

Great premium

I transferred to SGIC from NRMA when I moved from QLD to SA. The process was very simple and they took great care to let me know what was covered. I have compared quotes a few times and none have been able to better the premium.

Full review

I transferred to SGIC from NRMA when I moved from QLD to SA. The process was very simple and they took great care to let me know what was covered. I have compared quotes a few times and none have been able to better the premium.

    Value for money   10 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Andrea (SA), reviewed 5 months ago

SGIC

SGIC Home Insurance home insurance review

Overall rating   10 / 10

Very flexible and they listen to your needs

They haven't given me a reason to dislike them - I have never had to make a claim either so it's hard to say. Having said that, they also offered insurance that covered everything I wanted, whereas no-one else would. This is why I went with SGIC,...

Full review

They haven't given me a reason to dislike them - I have never had to make a claim either so it's hard to say. Having said that, they also offered insurance that covered everything I wanted, whereas no-one else would. This is why I went with SGIC, as they are more flexible and accommodating, willing to work with me to get the right coverage.

    Value for money   10 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Brenton (SA), reviewed 6 months ago

SGIC

SGIC Home Insurance home insurance review

Overall rating   10 / 10

Friendly service and cheap rates

I am very satisfied with SGIC. I can do everything I need online or over phone and never have any problems. Staff are always there to help if needed.

Full review

I am very satisfied with SGIC. I can do everything I need online or over phone and never have any problems. Staff are always there to help if needed.

    Value for money   10 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Judy (SA), 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

  • Up to $1,000

  • 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 in addition to sum insured

  • Up to 12 months in addition to sum insured

Buildings

  • Up to $5,000

  • Up to $2,000

  • sum insured

Events

  • Up to 15 years old

Policy and service features

  • 60

  • 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 in addition to sum insured

  • Up to 24 months in addition to sum insured

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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