CGU home insurance through The Capricornian can help cover you
Buying or renting your first home? Or, have the kids moved out and you have the home to yourselves? Wherever you’re at in life, CGU offers more choice for home insurance. With our range of options you will be able to choose the right home insurance to suit your needs.
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Partnership
We partner with CGU to offer you quality insurance products.
New for old
With CGU’s new-for-old contents replacement, if your saggy old sofa is damaged in a fire or flood, we’ll replace it with a new one. In other words, with our new-for-old replacement there’s no depreciation on your contents.
Flexibility
Pay by the month at no extra cost.
Policy conditions, limitations and exclusions apply to all cover types. Please see the PDS for full terms and conditions.
Insurance is issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. In offering the insurance products, The Capricornian Ltd acts under its own Australian Financial Services Licence and under an agreement with the insurers, CGU. Consider the Product Disclosure Statement (PDS) and Target Market Determination, available at any Capricornian branch or by calling 1300 314 900.
Premium – Accidental Damage PDS
Quality – Listed Events PDS
Basic – Fundamentals PDS
Target Market Determination
Home & Content Insurance is issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. In offering these products, The Capricornian acts under its own Australian Financial Services Licence and under an agreement with the insurers, CGU. This is general information only and does not take into account your individual objectives, financial situation or needs (‘your personal circumstances’). In arranging this insurance The Capricornian Limited acts as an intermediary for CGU, not as your agent. The Capricornian Limited does not guarantee any claim or benefit payable under the insurance policy. We receive commission on insurance products details can be found in our Conditions of Use brochure. Before making decisions about any of these insurance products you should consider the appropriateness of the information having regard to your circumstances and the applicable Product Disclosure Statement (PDS) available at any Capricornian branch or by calling 1300 314 900. The Capricornian Ltd ABN 54 087 650 940 AFSL / ACL No. 246780.
Yes, you are.
All CGU home insurance policies automatically include flood cover. Damage from tsunamis, storm and rainwater are covered, too.
Take a look at the Product Disclosure Statement (PDS) below for your chosen cover to see what water-related events you’re not covered for:
Premium – Accidental Damage PDS
Quality – Listed Events PDS
Basic – Fundamentals PDS
Homes come in all shapes and sizes, right? This can determine the amount of insurance you pay; Home insurance for a large house in a suburb known for break-ins will cost more than a cottage in a quiet town.
When we calculate your home insurance premium, we look at a whole range of factors – from the materials used to build your home to its location.
The best way to answer this question is to complete a quick quote.
Got friends staying with you? Our Quality and Premium policies will look after them, too. If their gear is damaged by an event listed in your policy (like fire, theft, water damage), we’ll provide cover for up to $5,000.
Please note that we only cover these belongings if they’re not already insured under another policy.
If you’re renovating, your home insurance policy should still cover you. There are a few restrictions; and it’s important that you let us know before you start the renovation so we can provide the right cover for the work that’s planned.
Renovation restrictions include:
If the value of renovations is greater than $75,000 or is structural, we will not cover you for any legal liability arising from the renovations. Structural renovations are those that affect the overall structure or frame of the home.
We will not cover you for any water entering your home through an opening made for any renovations or repair work.
Please refer to the Product Disclosure Statement (PDS) below for your chosen cover for full terms and conditions:
Premium – Accidental Damage PDS
Quality – Listed Events PDS
Basic – Fundamentals PDS
This depends. If you have a home loan, you should check with your financial institution to see if home insurance is compulsory throughout the life of the loan. If you own the house outright, then it’s up to you whether you have home insurance or not.
Many people underestimate how much insurance cover they actually need! Or they simply renew their insurance policies each year without taking into consideration renovations or new purchases.
CGU Insurance cover aims to provide you with protection and peace of mind, so that in the unfortunate event that your home or contents are lost or damaged, you will be covered for their full repair or replacement cost.
Our building and contents calculators can help you estimate what your home and contents are worth1.
