Suncorp Insurance: A Complete Guide to its Insurance Packages

Life is highly unpredictable. Natural calamities and catastrophes can occur anywhere and at any moment. Therefore, it is always crucial to have a risk management plan. That is where Suncorp Insurance comes in. For over a century, this company has safeguarded the future of hundreds of families by offering them different insurance and banking services. The company is part of the country’s largest insurance group, serving millions across Australia and New Zealand.

In this article, we will perform an in-depth analysis of all the insurance schemes that the business has to offer. Ultimately, we will also answer some of the most frequently searched online questions. So, let’s get straight to it without wasting any more time. 

Suncorp Insurance – An Overview

Suncorp Group Limited is an Australian finance, insurance and banking company.  It offers various services, including self-managed super funds (SMSFs), financial planning, share trading, loans, etc. The subsidiaries of this major Group include Suncorp Bank, GIO, AAMI, etc. It currently employs 13,505 people across all of its businesses.

One of the major segments of the business is Suncorp Insurance. The services offered by this business include car insurance, home and property insurance, life insurance, income insurance, and many more. The following are the details of some of the products.

1. Car Insurance

Suncorp Car Insurance is divided into three packages.

• Comprehensive Car Insurance

Comprehensive Car Insurance covers all accidental loss to the customer’s vehicle, including malicious damage and vandalism. This package also allows customers to claim if they cause accidental damage to another car. By paying an additional fee, they can also access benefits such as windscreen and glass window damage and many more. Consumers can hire a rental car, too, in case of theft.

• Third-party Property Damages Insurance

This package is comparatively less expensive and covers the cost of any damage the customer’s automobile may cause to another vehicle. It is important to remember that the client’s car is not insured in case of damage.

• Third-party Fire and Theft Insurance

This scheme pays for all the damages caused to your car by fire and theft. Also, all the repairs after the fire are covered under this too.  If the automobile is stolen, the company also offers its customers the option to rent a car for up to 21 days.

1. Home Insurance

The home insurance also consists of three packages.

• Home and content Insurance

Home and Contents Insurance cover damages to the property and its content in case of natural calamities like floods, fire, etc. Another excellent feature included in this package by Suncorp Insurance is that if your house becomes too damaged in an event, then the company will provide you with temporary accommodation. They also offer additional covers like injury to pets, but clients are charged extra.

• Building Insurance

This package pays for the damage to homes and infrastructure like pools, garages, etc. Temporary housing is also included in case of severe damage to the property. However, the contents of the house are not covered under this scheme.

• Content Insurance

Furniture and other valuable objects, such as bicycles and laptops, are insured against loss and damage under Content Insurance. Customers have access to this service around-the-clock and can submit claims anytime. Pet injuries are too covered under this plan; however, additional deposits are required.

Besides these three packages, Suncorp Insurance offers its consumers other unique schemes to make their homes safe and secure. Landlord Insurance, Strata Insurance, and Renters Insurance are further options in this category.

1. Other Types of Insurance

Besides vehicles and home insurance, they also offer other products such as life insurance, income insurance, funeral insurance, health insurance, and many more.

Suncorp Insurance Contacts

There are several methods to contact Suncorp’s team if you want to purchase one of its insurance plans or simply want more information.

• Suncorp’s virtual assistant is a great way to get quick information and is available 24/7.
• They also respond to consumer inquiries across social media platforms like Facebook Messenger.
• Customers can also give them a direct phone call. Several extensions are available for different complaints on their website. 
• People can also get in touch with their team via email. 

Suncorp Insurance is committed to protecting what matters the most to the people. It is also a part of a much larger group that aspires to offer sustainable financial services to its customers, shareholders and community.

If you enjoyed reading this, be sure to keep visiting The Australia Time. We post informative articles that will keep you updated with market trends and the business world. 

Frequently Asked Questions

Let’s address some frequently asked questions regarding Suncorp Insurance.

Who owns Suncorp insurance?

Suncorp insurance is a part of Suncorp Bank, a significant subsidiary of Suncorp Group Limited. On 18 July 2022, Suncorp Group announced sales of its banks to Australia and New Zealand Banking Group Limited (AZG). The company’s chairman claims this will benefit both organisations as each will focus on its growth strategies and investment requirements. Suncorp Insurance was, however, not part of this deal. 

Does Suncorp car insurance cover hail damage?

Customers with Suncorp Comprehensive Car Insurance can file claims for damage to their vehicles due to hail, storms, fires, and floods.

How do I cancel my Suncorp car insurance?

To cancel Suncorp’s car policy, you must log in to your My Suncorp account and cancel the subscription. You can also do this through Suncorp App. In case of any other query, you can directly contact the team through phone call. All the numbers and extensions are available on their website.