G&C Mutual Bank arranges/and or refers this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850
AFSL No 234708.
We do not provide advice on this insurance based on any consideration of your objectives, financial position or need. Policy terms, conditions, limits, exclusion and underwriting criteria apply. Before making a decision please consider the relevant Product Disclosure Statement
* Applicable on contents coverage.
** Applicable only when this policy only insures building.
1. Minimum premiums may apply.
If you are eligible for more than one discount, Allianz applies them in a predetermined order. This means the effect of applying any subsequent discount will be reduced. For example, the aggregate effect of applying two 10% discounts consecutively means that you will not see the full benefit of both these discounts. Discounts do not apply to taxes or government charges. No discounts are applied to optional cover; Domestic Workers Compensation (if available and selected).
Any discounts/entitlements may be subject to rounding and only apply to the extent that any minimum premium is not reached. Minimum premiums may apply.
2. Up to 30% No Claim Bonus
When you take out a new policy, we calculate your No Claims Bonus based on you home insurance claims history. To qualify for the maximum No Claim Bonus of 30%, home insurance customers must have had no Building or Contents insurance claims in the preceding five years. However, customers who have had claims may still qualify for a reduced No Claim Bonus.
After each claim-free year, the No Claim Bonus discount applied to your renewal premium will be increased by 10%, to a maximum of 30%. However, for every claim you make in a year, the No Claim Bonus discount applied to your renewal premium will be reduced by 10% - to a minimum of 0%. The No Claim Bonus discount is applied to some optional covers if selected; Motor burnout and Accidental damage, but not Flood or Portable contents cover.
3. A discount of up to 10% for combining Buildings and Contents covers on one policy is applied for Building and Contents, Motor burnout and Accidental damage where you have selected these covers, but not Flood or Portable contents cover.
^ Premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding and financial institution transaction fees may apply.
# Important Information about Personal Effects Cover
~ Up to contents sum insured, if the event causing the spoilage of perishable food is declared a natural disaster by the government or the Insurance Council of Australia, the maximum amount paid is $500.