#Performance highlights
40,000+
Customer policies received premium reduction from Cyclone Resilience Benefit*
Each year, communities along Queensland’s northern coastline brace themselves for storm and cyclone season. Suncorp believes that with planning and preparation, the risk is reduced, and homes and communities are safer so our customers and communities can bounce back quicker.
Our Protecting the North program aims to reduce the damage cyclones can cause to houses, as well as making insurance more accessible with new, innovative products and features. We partnered with the Cyclone Testing Station (CTS) at James Cook University (JCU) and Urbis to analyse insurance claims data so we can better understand cyclone vulnerabilities in homes, and what we can do to make them stronger.
#Our Protecting the North program includes:
Recognising cyclone mitigation work
Our research shows that simple, low-cost mitigation can pay for itself after just one cyclone. For our eligible North Queensland customers, Suncorp Insurance has a Cyclone Resilience Benefit. Homeowners could receive a reduction on their home or landlord insurance premiums if their home has had eligible resilience improvements or renovations made to it.*
Suncorp Strata Insurance
Our strata insurance product provides cover for small residential strata titled properties, community titled properties or residential properties associated with a body corporate or owner’s corporation (up to 10 units or $5 million sum insured).
Affordable insurance for low income earners
Essentials by AAI is designed for people who mightn’t have the money for mainstream insurance. It can provide car or contents insurance cover for the things you rely on when you’re on a tight budget.
Affordable finance options
Suncorp provides a no-fee, low-interest bank loan designed to help North Queensland customers finance mitigation improvements made to their homes to make them more resilient to cyclone damage. The new low-cost personal loan features an interest rate of 4.99 per cent per annum and Suncorp waives all establishment and account keeping fees
Suncorp commissioned reports and research
#Read more about Resilient People & Communities
* A premium reduction may be available to eligible Suncorp Home or Landlord Insurance customers. Eligibility criteria, terms and conditions apply. Find out more.