Suncorp - Building Insurance

Suncorp Building Insurance Review

Rates and fees information correct as at 15 December 2018.

Review published: 20 September 2017

What's hot:

  • Multi-policy discount

  • Up to 12 months temporary accommodation

What's not:

  • No new for old replacement

  • Monthly premium payments cost extra

Mozo snapshot:

With the Suncorp Classic Extras Home Insurance policy, you’ll be able to have your own choice of excess along with a multi-policy discount if you combine policies. Plus, if your hold a seniors card and live in Queensland, you’ll be able to score an extra discount. You won’t need to worry if you think your home has been undervalued, as underinsurance protection is also offered.  

Key features:

Your home is the most important thing you’ll own and with Suncorp Classic Extras Home Insurance you can rest easy knowing it’ll be adequately protected. You’ll be able to receive cover for your home against 14 unpredictable events that range from natural disasters like fires and floods to theft and vandalism. But your policy can’t cover every event, and you should know that power and storm surges are not covered.

As this is a building insurance policy, the structure of your home will be covered, including permanent fixtures, floor, walls or roofs along with any building materials if you ever decide to renovate. Your gates and fences will also be covered, along with landscaping. Lock replacements, temporary repairs, debris removal and demolition costs are also covered. Plus, if you ever need to move out of home, Suncorp Classic Extras Home Insurance will temporarily cover the accommodation costs for you and your pet.

Who it's good for:

Suncorp Classic Extras Home Insurance is the perfect choice for homeowners who don't need cover for their contents, but want a high level of cover for the structure of their home at a reasonable price.


Any catches?

Suncorp Classic Extra Home Insurance does not offer new for old replacement for your home, instead, you’ll be insured up to an agreed upon sum. If you are concerned about getting cover for specific areas in your home, like that tool shed harbouring thousands of dollars worth of trade tools, it’s recommended that you list these areas separately in your policy.

You also should know that although you are given the option to pay your premium monthly, you will have to pay extra for this.


How is Suncorp home insurance rated by the Mozo community?

Product Type Overall Rating Price Features Service Claims Handling Trust
Suncorp home insurance
8.1

Based on 261
Suncorp home insurance reviews

7.2 7.9 7.9 7.8 8.0

Latest reviews of Suncorp Building Insurance

Suncorp

Suncorp Classic Extras Home Insurance home insurance review

Overall rating   10 / 10

Great support from Suncorp

After the Brisbane floods, Suncorp was one of the first to provide families with support which made me very satisfied with them as an insurer.

Full review

After the Brisbane floods, Suncorp was one of the first to provide families with support which made me very satisfied with them as an insurer.

    Value for money   10 / 10

Less

Pauline, Queensland, reviewed over 1 year ago

Suncorp

Suncorp Classic Extras Home Insurance home insurance review

Overall rating   9 / 10

Competitive premiums

Very friendly and helpful staff.

Full review

Very friendly and helpful staff.

    Value for money   9 / 10

Less

Jillian, Queensland, reviewed over 1 year ago

Suncorp

Suncorp Classic Extras Home Insurance home insurance review

Overall rating   8 / 10

Good service.

Have been with them for over 25 years and have had no problems.

Full review

Have been with them for over 25 years and have had no problems.

    Value for money   8 / 10

    Policy coverage   8 / 10

    Customer service   8 / 10

    Claims handling   8 / 10

    Trust   8 / 10

Less

Carol, Queensland, reviewed almost 3 years ago

Suncorp

Suncorp Classic Extras Home Insurance home insurance review

Overall rating   5 / 10

Too expensive

Where we live we don't have many options as not many insurance companies will insure us. Suncorp was the cheapest.

Full review

Where we live we don't have many options as not many insurance companies will insure us. Suncorp was the cheapest.

    Value for money   5 / 10

    Policy coverage   5 / 10

    Customer service   5 / 10

    Claims handling   5 / 10

    Trust   5 / 10

Less

Sharon, Queensland, reviewed about 3 years ago

Suncorp

Suncorp Classic Extras Home Insurance home insurance review

Overall rating   7 / 10

Happy with their service

Claims done quickly & reasonably priced.

Full review

Claims done quickly & reasonably priced.

    Value for money   7 / 10

    Policy coverage   7 / 10

    Customer service   7 / 10

    Claims handling   7 / 10

    Trust   7 / 10

Less

Dianne, Queensland, reviewed about 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

Buildings

  • Up to $1,000

  • Up to $1,000

  • Up to 2km

Events

  • Up to 10 years old

Policy and service features

  • 60

  • Yes - Up to 25% of sum insured

  • $0

  • Multipolicy, QLD Seniors Card, $100 Online Discount

  • Up to $20,000,000

Other cover

  • Up to $5,000, up to $7,500 for injury

  • Up to $1,000

  • Up to 12 months, up to 10% of sum insured

  • Up to 12 months

  • Up to 15% of sum insured combined with demolition cost

  • Up to 15% of sum insured combined with debris removal cost

Buildings

  • Up to $2,000

  • Up to $2,000

  • Up to 2km

Events

  • Up to 10 years old

Policy and service features

  • 60

  • Yes - Up to 30% of sum insured

  • $0

  • Multipolicy, QLD Seniors Card, $100 Online Discount

  • Up to $20,000,000

Other cover

  • Up to $5,000, up to $10,000 for injury

  • Up to $2,500

  • Up to 24 months, up to 10% of sum insured

  • Up to 24 months

  • Up to 20% of sum insured combined with demolition cost

  • Up to 20% of sum insured combined with debris removal cost

Buildings

  • Up to $500

  • Up to $500

  • Up to 2km

Events

  • Optional extra

  • Optional extra

Policy and service features

  • 60

  • Optional Extra - Up to 25% of sum insured

  • $0

  • Multipolicy, QLD Seniors Card, $100 Online Discount

  • Up to $20,000,000

Other cover

  • Up to $5,000 for either death or injury

  • Up to $500

  • Up to 12 months, up to 10% of sum insured

  • Up to 12 months

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

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

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).

Compare other home insurance
Advertisement