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The SGIC Landlord Insurance Premium, Excess, Discounts & Benefits Guide should be read with the SGIC Landlord Insurance Product Disclosure Statement and Policy Booklet (PDS) Edition 1, dated 1 June 2009.
Landlord Insurance Premium, Excess, Discounts & Benefits Guide (PDF) effective for all policies taken out and renewing from 16 August 2010.
Landlord Insurance Premium, Excess, Discounts & Benefits Guide (PDF) effective for all policies taken out and renewing from 9 January 2012.
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.
We offer the following discounts that you may be entitled to:
- No Claim Discount
- Multi-Policy Discount
- Years of Insurance Discount
The way in which the discounts are applied to your premium is set out in the How we work out your premium section of this guide.
The discounts you have will be shown on your current Certificate of Insurance.
No Claim Bonus
We give you a No Claim Bonus to reward you for having a good claims record. We calculate your No Claim Bonus based on your insurance and claims history.
| The No Claim Bonus levels are: |
|---|
| 15% |
| 10% |
| 5% |
| 0% |
How does No Claim Bonus work?
Each year at renewal, your policy automatically moves up to the next level of No Claim Bonus if you make no more than one claim in that period of insurance.
If you make two or more claims in a period of insurance, your No Claim Bonus will be set to 0%. Liability claims do not affect your No Claim Bonus.
The way in which your policy's No Claim Bonus is applied to your premium is set out in the How we work out your premium section of this guide.
Multi-Policy Discount
A Multi-Policy Discount rewards you for holding multiple SGIC insurance policies.
See if you qualify for a Multi-Policy Discount:‡
Discount
How to qualify
Multi-Policy Discount Save 10% On your Landlord Insurance and your Home, Home Plus, Motor, Boat and Caravan or Trailer Insurance. |
Hold the following: Motor Insurance |
To receive the Multi-Policy Discount, the qualifying products must:
- be current; and
- have at least one common insured named on each policy.
On existing policies the discount applies from the date of the next renewal after you qualify.
The way in which your Multi-Policy Discount is applied to your premium is set out in the How we work out your premium section of this guide.
‡ SGIC Commercial policies (such as Business Insurance and Farm Insurance) and Veteran, Vintage and Classic Vehicle Policies do not entitle you to a Multi-Policy Discount
Years of Insurance Discount
Years of Insurance Discount rewards your loyalty. It is based on the number of years you have continuously held your policy with us.
Discount
How to qualify
Years of Insurance Discount Save 3% On your Landlord Insurance. |
Hold your Landlord policy with us for: 3 to 4 years. |
Discount
How to qualify
Years of Insurance Discount Save 5% On your Landlord Insurance. |
Hold your Landlord Insurance policy with us for: 5 to 9 years. |
Discount
How to qualify
Years of Insurance Discount Save 10% On your Landlord Insurance. |
Hold your Landlord Insurance policy with us for: 10+ years. |
The way in which your Years of Insurance Discount is applied to your premium is set out in the How we work out your premium section of this guide.
If there is anything you don't understand about this SGIC Landlord Insurance Premium, Excess, Discounts & Benefits Guide, please call us on 133 233 or visit your nearest branch.
Print or download a PDF of this guide
SGIC Landlord Insurance Premium, Excess, Discounts & Benefits Guide (PDF) effective for all policies taken out and renewing from 16 August 2010.
SGIC Landlord Insurance Premium, Excess, Discounts & Benefits Guide (PDF) effective for all policies taken out and renewing from 9 January 2012.
SGIC Landlord Insurance Premium, Excess, Discounts & Benefits Guide (PDF) - Policies commencing 12/07/10 to 15/08/2010