HOME ITEMS
Safety net home protection
There are times when the cost of repairing or replacing a home exceeds what you’ve insured it for. At Suncorp Insurance, we know that this can happen. That’s why with Safety Net Home Protection, if your home is damaged and the cost of repairing or replacing it is more than your home sum insured, you can potentially be covered for some of the unexpected costs that exceed the home sum insured. Learn more about this optional coverage below.
What policy provides cover for 'Safety net home protection'?
What’s covered?
When the home is damaged by an insured event during the period of insurance and the cost of repairing or replacing it exceeds the home sum insured, if the claim is covered we will pay up to a further percentage of your home sum insured to:
- repair or replace the home; or
- pay you the amount quoted by a member of our supplier network to repair or replace the home.
Know this is an optional cover for our Classic cover, but it is automatically included with Classic Extras and Classic Advantages cover. Also, different limits apply depending on the level of cover selected, which are outlined in the table above.
What’s not covered?
There are instances where you will not be covered, such as the loss or damage was the result of an uninsured event. All other exclusions under ‘Things we don’t cover’ in the Product Disclosure Statement also apply.
You can learn more about this coverage and other exclusions in the Product Disclosure Statement.