What happens to my Multiple Policy Discount (MPD) when I cancel one or more of the eligible policies?
To be eligible for the Multiple Policy Discount (MPD), you must have at least three eligible policies. So if you have more than three, and cancel one, you’ll remain eligible. If you have exactly three, and cancel one, you’re no longer eligible and the discount will be removed when your remaining policies are renewed.
To qualify for the 15% Multiple Policy Discount (the MPD) you must have 3 or more eligible paid personal insurance policies with Suncorp Insurance. There must be a common mailing address and the person(s) seeking the discount must be nominated as an insured with the same name and date of birth on each eligible policy. The eligible policies to qualify for the MPD are Suncorp Home, Contents, Landlord, Car, CTP, Motorcycle, Caravan (including trailer), Motorhome and Boat.
Suncorp CTP counts as an eligible policy, but you will not receive the MPD on the premium as it cannot be discounted due to Queensland legislation.
The MPD does not apply to the Suncorp Insurance Home Assist or Excess-free glass cover portion of your premium, if you have selected these optional covers with Suncorp Home Insurance or Suncorp Roadside Assist if you have selected this optional cover for Suncorp Comprehensive Car Insurance. Read full terms and conditions.