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SGIC home insurance

Do you live in SA? Consider SGIC home insurance to cover your home and get peace of mind.

4.2 ★★★★★ (25 reviews) Write a review

Our verdict

  • SGIC's flood cover comes standard on all policies and includes storm surge – a plus because many other providers will charge extra for this.
  • Over 50s get access to additional benefits including the choice of a zero excess and access to confidential legal advice.
  • You'll need to pay extra if you want the sum insured safety net. It's extra cover that helps you avoid underinsurance.
Sorry! We currently don't have this brand on our panel. But don't fret, you can head to the SGIC home insurance website or compare a bunch of other home insurance companies with Finder.
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What does SGIC home insurance cover?

SGIC home insurance offers cover for people who live in South Australia. You can choose from 3 types of insurance: contents insurance, building insurance and a combined policy. This means that whether you're a homeowner or a renter, you can find a policy with SGIC.

Some of the main events covered by SGIC home insurance include:

SGIC home insurance is issued by Insurance Australia Limited, trading as SGIC. It offers customers the choice of their excess amount ranging from $100 to $5,000 and has a cooling-off period of 21 days.

Here's the rundown of an SGIC home insurance policy

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Standard features

SGIC home insurance can provide cover for your building and contents against a number of other insured events. It includes cover for up to 12 months of temporary accommodation costs, new for old contents replacement and $20 million of legal liability cover.

These are some of the standard features that you can claim on if an insured event causes damage or loss:

  • Building materials
  • Credit card theft
  • Demolishing and removing debris
  • Food spoilage
  • Keys and locks
  • Mortgagee discharge costs
  • Temporary accommodation
  • Visitors' belongings

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Optional add-ons

SGIC home insurance also offers 2 levels of cover: Home and Home Plus. Home Plus includes some additional benefits such as cover for burn out of electric motors and accidental damage.

Besides the Home Plus upgrade, SGIC has a few optional extras that you can use to customise either level of cover but you'll have to pay a bit more for them.

  • Accidental damage
  • Burn out of electric motors – fusion
  • Pet lovers pack
  • Valuable contents
  • Portable contents

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Exclusions

All home insurance policies have a selection of events when you won't be covered, referred to as general exclusions. Here are a few exclusions from SGIC to be aware of:

  • Actions of the sea including high tides
  • Any act of terrorism, war or rebellion
  • Any intentional act by your family or invited guests
  • Mould
  • Rust, corrosion, depreciation and wear or tear
  • Terrorism
  • Tree lopping or felling on your site
  • Vermin or insects

Make sure you read SGIC's PDS for a full breakdown of all the exclusions that apply. You can also head to general exclusions for more information.

Here's some information on SGIC home insurance complaints

We looked at home insurance complaint data from the Australian Financial Complaints Authority (AFCA) between July 2020 and June 2021. The data breaks down different underwriters and compares their business size to the number of complaints processed.

When comparing insurers, keep in mind that insurers with a larger market share serve more customers, so can potentially get more complaints.

Here's an overview of how SGIC (Insurance Australia Limited) did:

  • While Insurance Australia Limited did receive a high volume of complaints, it has a high percentage that were resolved at the first stage of the complaints process.
    • Both QBE and Commonwealth received almost half the number of complaints that Insurance Australia Limited did.

    This is the bottom line about SGIC

    SGIC home insurance offers a flexible policy that you can tailor to your needs. However, make sure to check for exclusions on the policy so you have cover for the things that matter most to you. And, don't forget to take advantage of its no-claims bonus and loyalty discounts.

    Still looking? You can review other home insurance options and compare them side-by-side so that you end up with a policy you're happy with.

    Why you can trust Finder's home insurance experts

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    Since 2014, we've helped 150,000+ people find home insurance by explaining your cover options simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

    Frequently asked questions

    Leave an SGIC home insurance review

    If you've held, or currently hold, an SGIC home insurance policy, we'd love to hear from you. Your reviews help other Australians decide if SGIC is right for them. Some reviews are from a survey commissioned by Finder.

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