Myer Insurance Review

Myer Insurance is a company that I found out to be bought to you by one of the biggest retailers in Australia partnered with QBE Insurance. As soon as I saw this I thought it was a good combination since they are both major brands in the country, meaning it will be something you can trust. At the time of writing this review, Myer Insurance offers three types of products.

I was not surprised to see that one of the products is car insurance. According to their website it seems that their most outstanding policy is their comprehensive plan. Having a quick glance through the outstanding features offered, I was glad to see that many of the essential things are covered. They include emergency repairs, lifetime repair, no claim bonus discount, and even a new car replacement for cars up to two years old. I was surprised to also see things like fatality cover, employers’ liability and child seat cover. In terms of the cooling period, it is only 21 days, which is very reasonable.

If a comprehensive plan is not for you, there are also Third party fire & theft, and Third party only. Both of these covers offer theft hire car, change of vehicle and uninsured motorist benefits of up to $5,000. In my opinion, these are more than enough for the average driver and would surely give them a peace of mind.

The second personal product offered is home insurance, including contents insurance and combined. In just an overview, some of the noteworthy features include new for old cover on most contents, motor burnouts, key and lock, identify theft of up to $5,000, as well as accommodation costs. If that is not enough, optional extras are also available.

There are two level of covers that you can choose from; Home cover or Home cover prestige. The highest cover, which is also the one I recommend, is Home cover prestige. The reason why I love this cover so much is that it includes coverage for accidental damage, which I think is very important as most loss are caused through this way. The claim limits are also much higher, for example the compensation for death is $10,000 for Home cover prestige and only $5,000 for Home cover.

For house owners that are renting, landlord insurance is something worth checking out. You will be covered for 13 events, which is very comforting to know, as well as building costs, external door locks and legal liability. To enhance your protection you can optionally get rent default and theft/vandalism by tenants.

Myer Insurance has been rated 5 out of 5 by Insurance Reviews.

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