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. If your home is damaged and the cost of repairing or rebuilding it is more than your home sum insured, Safety net home protection may be for you. Learn more about this optional coverage below.

What policy provides cover for 'Safety net home protection'?

What’s covered?

If the cost to repair or rebuild loss or damage to your home covered by your policy exceeds the home sum insured, we’ll pay up to a further percentage of the home sum insured towards either: 

• repair or rebuild of the home by our builder, when our builder is repairing or rebuilding 
• the amount of our builder’s assessed quote to repair or rebuild the home, when your claim is being settled on this basis  
• the amount of your builder’s assessed quote, when your claim is being settled on this basis

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 anything listed as a ‘General exclusion’ in the Product Disclosure Statement (PDS). 

You can learn more about this cover and exclusions in the Product Disclosure Statement.

Explore the Product Disclosure Statement (PDS)