FAQs

Indeed. When travelling abroad for more than two months, Australian Unity members with hospital insurance (or hospital + extras insurance) may suspend their membership and then reactivate it upon their return without waiting any additional time. You can suspend your membership for as little as two months and as much as twenty-four months, but only after you have been a member of Australian Unity for at least one month.

When you get home Insurance, you choose the “sum insured,” which is the cost of replacing your house and belongings if they are destroyed, such as by fire. These are the maximum sums that insurers will pay after an insured occurrence. Therefore, the sum insured you provide must be adequate to replace your complete home and all of its contents at current rates.

Generally, there are no tax benefits for making the premium payments on a life insurance policy, but in most cases, you should also not need to pay any tax on the payout that you receive. Individual circumstances are different, and you should talk to a professional expert about your particular situation.

Several insurance companies cover unexpected losses or damage to your home’s plumbing systems caused by one of 10 covered incidents. However, it does not cover the repair or replacement of drainage, sewage, heating, or cooling systems that have become broken or leaky due to normal wear and use (e.g., rusty pipes). This is because these issues are deemed avoidable with regular maintenance and fixes.

Travel insurance often covers a variety of sports and hobbies. However, some adventurous activities and winter sports may not be immediately covered. Adventurers can purchase insurance to assist protect them from loss or harm while participating in their favourite adventure sports and activities. If you intend to partake in adventurous activities during your international holiday or tour throughout Australia, make sure you and your travel companions are protected against expensive catastrophes.

Your premium has increased for various reasons, even though your circumstances have remained constant. For example, at the end of each insurance period, certain insurance companies may automatically raise the sums covered on your house and goods to keep up with escalating expenses. Your higher premium may also be attributed to a shift in your risk profile and, more importantly, company expenditures due to extreme weather occurrences.

The FCS does not apply to any outstanding insurance premiums paid to the general insurer before its bankruptcy. If the insurer fails, policyholders may be entitled to collect some or all of their wasted premiums. For example, imagine an insurance fails midway through a year after you’ve already paid your premium. In that instance, you can recover the outstanding premium amount through the insurer’s liquidation but not the FCS.

It will depend on several factors, such as the current condition of the roads and your location. Specific insurance may also link to a map displaying their present location as they approach the breakdown zone and their anticipated arrival time (ETA). There are only a few locations where you may use this tracking capability. The contractor (or tow-truck operator) will contact you to let you know they’re on their way and, if necessary, offer an anticipated arrival time if it’s unavailable in your area.

Your policy will lapse, and you will lose coverage if you stop paying your life insurance premiums. You will get payment reminder letters with the termination date if unpaid premiums are not paid. If the premiums for this coverage are non-paid, they haven’t been paid for at least sixty days.

When you apply for an insurance policy or renew or extend an existing one, you must disclose any relevant information about yourself and your position that may reasonably be anticipated to influence the insurer’s decision to insure you. You are not required to reveal anything you do not know that decreases the insurer’s risk, that is, standard information that the insurer knows or ought to know or that is irrelevant or that the insurer has directed you not to disclose.

Yes, if the event that induced you to submit a claim resulted in an immediate financial need for the benefits provided by your insurance. You may be qualified for an advance to help with an immediate financial need, such as medical expenses, home repairs, or temporary housing costs during difficult times.

There are several ways to reduce the cost of your home insurance, such as:

• Get a quote and purchase your policy online to save 15% on your house or contents insurance, or 30% on both types of coverage.
• Increasing your surplus: Select an excess of $100 to $5,000; a higher excess may result in a lower premium. When submitting a claim, always choose an excess you are willing to pay.
• Making yearly premium payments: Reducing premiums and avoiding instalment processing costs can be achieved by paying annually as opposed to in instalments (annually or monthly).

The vast majority of Australian residents are eligible for government rebates to help with the cost of their health insurance, which includes hospital and extra covers. The government adjusts the refund amount each year on April 1 based on qualification, age, and income frame changes.