How we work out your premium

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The SGIC Caravan and Trailer Insurance Premium, Excess & Discounts Guide forms part of the SGIC Caravan and Trailer Insurance Product Disclosure Statement and Policy Booklet (PDS) Edition 1, dated 22 December 2008 (see inside back cover).

Caravan Insurance Premium, Excess, Discounts & Benefits Guide (PDF) effective for all policies taken out and renewing from 2 November 2009.

For the complete list of guides, please find them at the bottom of this page or go to the Premium, Excess, Discounts & Benefits guide section

Your insurance premium is based on the likelihood of a claim being made on your Policy in the future. There are a number of factors we take into account when determining your premium.

We calculate your premium by combining the:

Pricing factors
Discounts
No Claim Bonus protection
Government charges.

Pricing Factors

The premium you pay for your insurance reflects the likelihood of you making a claim together with the potential value of any claim. So, if you have a lower chance of making a claim then you will generally pay a lower premium compared to someone who has a higher chance of making a claim.

Our experience shows there are a number of factors that are a good indicator of the possibility of a claim being made. We call these pricing factors.

For Caravan and Trailer Insurance policies the following table describes the pricing factors we may take into account to determine your premium.

Rating Factors	On-site Caravan	Touring Caravan	Trailer
The suburb where your caravan or trailer is kept
The amount your caravan, annexe, contents or trailer is insured for as shown on your current Certificate of Insurance
The age of any owners of your caravan or trailer
The way you use your caravan or trailer, for example, private or business use

Discounts

The following discounts are available for Caravan and Trailer Insurance:

No Claim Bonus Discount
Multi-Policy Discount.

We calculate the discounts that apply to your Policy before we tell you what your premium will be. See the Discounts section of this guide for further details.

No Claim Bonus protection

If you have Caravan and Trailer Insurance you may be eligible to protect your No Claim Bonus by paying an additional premium. Please see the Discounts section of this guide for further details about your No Claim Bonus Discount.

Pay by the month

You can choose to pay by monthly instalments by paying an additional premium. This amount will be shown on your current Certificate of Insurance.

Government charges

Trailer and Caravan policies are subject to stamp duty imposed by state and territory governments in addition to GST.

Government Charges	On-site Caravan	Touring Caravan	Trailer
GST	10%	10%	10%
Stamp Duty	11%	11%	11%

How we calculate your Caravan or Trailer premium

Step 1
First, we will combine the pricing factors.

Step 2
Once this amount is calculated we work out any Multi-Policy Discount that you may be eligible for and apply this to the amount from Step 1

Step 3
We then work out any No Claim Bonus Discount you may be eligible for and apply this to the amount from Step 2.

Step 4
Then, we add the cost of any No Claim Bonus Discount protection you have chosen.

Step 5
If the amount from Step 4 is less than our minimum premium, the minimum premium will apply.^*

Step 6
Then, we add the cost of choosing to pay by the month.

Step 7
To the amount in Step 6, we add applicable government charges to work out the premium you need to pay.

^* See the minimum premium that applies for your Policy type:

Policy type	Minimum premium amount
On-site Caravan	$66
Touring Caravan	$82
Trailer	$55

Where a minimum premium applies we may be unable to offer the full discounts set out in the Discounts section of this guide.

If there is anything you don't understand about this SGIC Caravan and Trailer Insurance Premium, Excess & Discounts Guide, please call us on 133 233 or visit your local office.