Suncorp - Building Insurance

Suncorp Building Insurance Review

Rates and fees information correct as at 21 November 2017.

Review published: 20 September 2017

What's hot:

  • 2017 Mozo Experts Choice winner

  • Multi-policy discount

  • Underinsurance protection

What's not:

  • No new for old replacement

  • Monthly premium payments cost extra

Mozo snapshot:

Winner of an Experts Choice Award for Exceptional Value Home Buildings Insurance is Suncorp with its Classic Extras Home Insurance. With this 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
7.9

Based on 222
Suncorp home insurance reviews

7.0 7.9 7.9 7.8 7.9

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

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Pauline (QLD), reviewed 5 months ago

Suncorp

Suncorp Classic Extras Home Insurance home insurance review

Overall rating   10 / 10

Reliable

They compete well with the big banks and are often better value. Easy to get a hold of a real person on the phone too.

Full review

They compete well with the big banks and are often better value. Easy to get a hold of a real person on the phone too.

    Value for money   10 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Sebastian (QLD), reviewed 5 months ago

Suncorp

Suncorp Classic Extras Home Insurance home insurance review

Overall rating   10 / 10

As close to a trustworthy insurer as you will find

I have been insuring our home and belongings with Suncorp for 30 years and always had excellent service from them.

Full review

I have been insuring our home and belongings with Suncorp for 30 years and always had excellent service from them.

    Value for money   8 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Keith (QLD), reviewed 5 months 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

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Jillian (QLD), reviewed 5 months ago

Suncorp

Suncorp Classic Extras Home Insurance home insurance review

Overall rating   9 / 10

Competitive rates

I haven't had a claim yet, but they have competitive rates and are easy to deal with.

Full review

I haven't had a claim yet, but they have competitive rates and are easy to deal with.

    Value for money   8 / 10

    Policy coverage   / 10

    Customer service   / 10

    Claims handling   / 10

    Trust   / 10

Less

Sandra (QLD), reviewed 7 months ago

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Currently showing

Buildings

  • Up to $1,000

  • Up to $1,000

  • Up to 2km

Events

  • Up to 11 years old

Policy and service features

  • 60

  • Up to 25% of sum insured

  • 0

  • Multipolicy, QLD Seniors Card

  • Up to $20,000,000

  • $50 off when you buy online

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 removal of debris

Buildings

  • Up to $2,000

  • Up to $2,000

  • Up to 2km

Events

  • Up to 11 years old

Policy and service features

  • 60

  • Up to 30% of sum insured

  • 0

  • Multipolicy, QLD Seniors Card

  • Up to $20,000,000

  • $50 off when you buy online

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 removal of debris

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

  • Up to $20,000,000

  • $50 off when you buy online

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 removal of debris

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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