As a values-driven, member owned bank, we are a subscriber to the Customer Owned Banking Code of Practice - an important public expression of the value we place on improving the financial wellbeing of our individual members and their communities.


We understand that for most of our members, the purchase of property is the most significant financial investment they will undertake, so it is important to safeguard that asset. That’s why we encourage you to regularly check your insurance to ensure your property is adequately protected in the unfortunate event that a claim may be required. Similarly, a motor vehicle, motorbike, boat, trailer or caravan also represents a substantial investment. Having insurance in place for these assets can provide peace of mind that should the worst happen, financial support may help to reduce the impact suffered.


Before taking out any insurance policy, it's important to remember that policies may have different exclusions, caps, limits and other conditions which can vary between insurers, so it is important to ask questions and read the relevant product disclosure statement (PDS) when comparing different policies.


Understanding what is and isn’t covered by your insurance policy means that should you experience a loss, you won’t endure the added stress of discovering you didn’t have the appropriate cover in place - or any cover at all.


It is also essential to correctly value the items or assets being insured, so you can obtain suitable cover and avoid being underinsured. Some policies have a specific value threshold and may require you to individually list items over a certain value or limit. Keeping an inventory of your valuable items, seeking independent valuations and using sum insured calculators provided by most insurers, can help you estimate the type of coverage you may require.


There may be certain circumstances where there is a requirement to hold an insurance policy. We remind members that protecting mortgaged property and vehicles at all times with insurance is a condition of a G&C Mutual Bank loan.


For more information on insurance, please refer to the Australian Securities and Investments Commission’s MoneySmart website.



We’re ready to help you

G&C Mutual Bank has partnered with leading insurers, who can help to protect you and your assets with a range of insurance products.


If you need assistance with your G&C Mutual Bank home or car loan, please contact us on 1300 364 400 or via