SGIC - Contents Insurance

SGIC Contents Insurance Review

Rates and fees information correct as at 16 October 2018.

Review published: 20 September 2017

What's hot:

  • A range of discounts

  • Up to 12 months temporary accommodation

  • Automatic flood cover

What's not:

  • No underinsurance cover

  • Monthly premium payments cost extra

Mozo snapshot:

SGIC’s Home Plus Insurance is a policy that has your back when it comes to covering your contents. Along with new for old cover on your belongings, you’ll also have access to a multi-policy discount if you combine policies, a loyalty discount the longer you stick around and a no claims bonus if you have got a great claims history.

Key features:

With SGIC’s Home Plus Insurance, you can rest easy knowing that your favorite belongings will be under top protection. You’ll get cover for your electronic files, like CDs and DVDs, plus software on your computer. Your cameras, antiques, jewellery and other valuables with hefty price tags are also covered under this policy. Bare in mind though, you will not have cover for any uncut gems, business inventory or if you become a victim to identity theft.

One other cool thing is that, if you and your pet need to temporarily move out, SGIC Home Plus will cover the accommodation costs for this and if you or your furry friend are injured, you’ll be covered there too. You’ll also receive cover for any locks that need replacing or if your contents need temporary repairs.

While we’d like to think that our homes are the best shield to protect our contents from damage, unexpected things do happen. That’s why with SGIC Home Plus you’ll be covered against 12 listed events, like fires, earthquakes and even explosions, just to name a few. You’ll also have the option of adding accidental loss and damage to your policy to give yourself that extra bit of cover. But keep in mind that power and storm surges are not covered under SGIC Home Plus.

And last but not least, there are a range of discounts on offer with SGIC, including:

  • Multi-policy discount

  • No claims bonus

  • Loyalty discount

  • Combined policy discount

Who it's good for:

SGIC Home Plus is a suitable option for anyone concerned about protecting their belongings, but not the structure of your home, like renters. But if you are a homeowner, you might prefer to combine your home and contents policy.


Any catches?

SGIC Home Plus does not offer underinsurance protection on your contents, which may leave you out of pocket if you haven’t insured your items correctly. When creating your list of contents you’d like insured, it’s important to consider  what it will cost to replace your things, not just their current value.

Also, SGIC Home Plus gives you the choice of being able to pay your premium monthly, but you should know that 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 reviews of SGIC Contents Insurance

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

Less

John, South Australia, reviewed over 1 year 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

Less

Andrea, South Australia, reviewed over 1 year ago

SGIC

SGIC Home Insurance home insurance review

Overall rating   10 / 10

Very good overall.

I've been a customer for 3 years now it has been great, no dramas, no hassles, no worries.

Full review

I've been a customer for 3 years now it has been great, no dramas, no hassles, no worries.

    Value for money   10 / 10

    Policy coverage   10 / 10

    Customer service   10 / 10

    Claims handling   10 / 10

    Trust   10 / 10

Less

Irene, South Australia, reviewed almost 3 years ago

SGIC

SGIC Home Insurance home insurance review

Overall rating   10 / 10

100%

Excellent service

Full review

Excellent service

    Value for money   10 / 10

    Policy coverage   10 / 10

    Customer service   10 / 10

    Claims handling   10 / 10

    Trust   10 / 10

Less

Matthew, South Australia, reviewed almost 3 years ago

SGIC

SGIC Home Insurance home insurance review

Overall rating   5 / 10

Competitive premiums

There are cheaper and more competitive deals out there but SGIC have been around for years.

Full review

There are cheaper and more competitive deals out there but SGIC have been around for years.

    Value for money   3 / 10

    Policy coverage   3 / 10

    Customer service   5 / 10

    Claims handling   1 / 10

    Trust   3 / 10

Less

Thomas, South Australia, reviewed over 3 years 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

Contents

  • Up to $200

  • Up to $1,000

  • Up to $2,500

  • Software only, up to sum insured

  • Optional extra

  • Up to $2,500

  • Up to $2,500

  • Replacement cost

  • Optional extra

  • Up to $2,000

Other cover

  • Up to $10,000 for funeral

  • Optional extra

  • Reasonable cost

  • Up to 12 months

  • Up to 12 months

  • Up to 12 months

  • Up to 60 days

Policy and service features

  • 60

  • $100

  • Multipolicy, loyalty, no claims bonus, combined policy

  • Up to 60 days, up to 20% of sum insured

  • Up to 20% of sum insured

  • Up to $20,000,000

Events

  • Optional extra

  • Optional extra

Contents

  • Up to $200

  • Up to $5,000

  • Up to $2,500

  • Software only, up to sum insured

  • Optional extra

  • Up to $2,500

  • Up to $2,500

  • Replacement cost

  • Up to $5,000

  • Optional extra

  • Up to $2,000

Other cover

  • Up to $10,000 for funeral

  • Optional extra

  • Reasonable cost

  • Up to 24 months

  • Up to 24 months

  • Up to 24 months

  • Up to 60 days

  • Up to $5,000

Policy and service features

  • 60

  • Yes - Up to 25% of sum insured

  • $100

  • Multipolicy, loyalty, no claims bonus, combined policy

  • Up to 60 days, up to 20% of sum insured

  • Up to 20% of sum insured

  • Up to $20,000,000

Events

  • Up to 15 years old

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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