Suncorp Metway Insurance Limited & Ors - Notifications - N94709 - N94713

Applicant(s)

  • Australian Associated Motor Insurers Limited
  • Australian Pensioners Insurance Agency Pty Limited
  • GIO General Limited
  • Suncorp Metway Insurance Limited
  • Vero Insurance Limited

Notification number(s)

  • N94709
  • N94710
  • N94711
  • N94712
  • N94713

Summary

Suncorp Metway Insurance Limited, GIO General Limited, Vero Insurance Limited, Australian Associated Motor Insurers Limited and Australian Pensioners Insurance Agency Pty Limited (Insurers) proposes to offer, pursuant to the terms of the Insurer's home insurance policy, varying benefits to the customer, including a lifetime guarantee on repairs, on condition that the customer uses a Recommended Repairer or the Insurer authorises the repairs quoted by the customer's choice of repairer.

Customers are able to obtain repairs from non-Recommended Repairers however under the notified conduct if the non-Recommended Repairer is not authorised by the Insurer on the basis their quote was not the most competitive and complete quote, they will not be eligible for the various benefits offered by the Insurers including a lifetime guarantee on repairs.

The Insurers have entered into non-exclusive agreements with various Recommended Repairers.

Notifications

Document title Date