Suncorp House Insurance

Suncorp House Insurance

Suncorp traces its history back to 1916 when it was still an insurance office. It then adopted the name State Government Insurance Office or SGIO before expanding its operations into other fields like general insurance, life insurance, and compulsory third party insurance. It then added operations in superannuation, finance operations, and building society.

In 2001, it acquired 50% of the shares of AMP Limited in motor vehicle insurer RACQ based in Queensland. A year later, the group adopted the name Suncorp. Suncorp is involved in banking, wealth management, investment management, and insurance, with its Suncorp House Insurance business.

What is Suncorp House Insurance?

Suncorp House Insurance provides protection for homeowners against various insurable events. Its insurance products are diversified into 4 classifications: classic house and content insurance; 55UP home and content insurance; platinum home and content insurance; and investor home and content insurance.

With its classic house and content insurance, Suncorp House Insurance provides coverage against insurable events like fire, lightning, flood, storm, theft, damage, leaks, overflows, and burst pipes.

Suncorp House Insurance also provides optional features like coverage for injured pets, motor burnout, and accidental damage. With its traditional house and contents insurance plan, Suncorp House Insurance also provides an option for safety net home protection wherein the policy holder will get an additional payment if the property is damaged and its replacement costs exceed the insured sum.

Under its 55UP home and content insurance, Suncorp House Insurance provides protection for individuals aged 55 years and above. Aside from providing the basic coverages, Suncorp House Insurance also gives additional features without extra charges like coverage for contents in the hotel room or apartment of the policy holder for up to 6 months, and temporary accommodation for up to one year.

With its platinum home and content insurance package, Suncorp House Insurance gives the highest level of coverage for houses as well as valuable possessions of an individual such as jewelry, laptops, and mobile phones. Suncorp House Insurance also gives higher policy limits for items like art collections and jewelry. Suncorp House Insurance also provides temporary accommodations for up to a year.

Under its investor home and content insurance policy, Suncorp House Insurance provides protection for investments and properties and their contents.