GIO’s fire and home content insurance premiums recently soared by up to 35%. I was told by a broker that GIO, being owned by Suncorp, was trying to recoup losses it suffered from claims payout as a result of the recent floods in Queensland.
I did some research and found that Real Insurance had some of the most competitive quotes for fire and home content insurance which rendered my renewal notices from GIO to be ridiculously expensive. One can choose from different excess amounts to suit the premiums to be paid and policies have a 30-day cooling off period from inception provided no claims are made during this period. I found the service of staff to be knowledgeable and helpful and the renewals of my policies have saved hundreds of dollars from the switch to Real Insurance.
Contact real insurance to find out if your current premiums are competitive.