Qantas Home & Contents Insurance

ganjadeals on 17/11/2024 - 13:07
Last edited 17/11/2024 - 17:48 by 1 other user

I am looking at renewing my Home and Contents insurance and want to move to Qantas for a few months to get some points. Their offer for Home and Contents is:
40,000PTS (OFFER ENDS 29 JANUARY 2025) for joining. Points awarded based on your premium after 60 days. Not available with cover for homes or contents we've recently insured for you.

40,000 is the maximum number of sign on Qantas Points that can be earned on every Qantas Home Insurance policy with an annual premium of over $2,000 purchased between 01/10/2024 and 29/01/2025. Each Qantas Home Insurance policy has a maximum number of points that can be earned upon purchase, which can be found here. Points will only be awarded to the primary policyholder after the policy has been held for 60 continuous days. The number of points awarded will be based on the premium of the policy at the expiry of the 60-day period. Sign on Qantas Points are not available on homes or for contents that have been insured by the primary policyholder through Qantas Home Insurance at any time in the previous 12 months, unless for a different address. Qantas may withdraw or extend this offer at any time.

Does this mean I can go for the month-to-month plan instead of the annual plan and cancel out the insurance as soon as I've received 40,000 points which should be after 60 days of joining? Anyone has got experience with this? I'll be paying $215.34 monthly compared to $170.30 monthly if I took the annual plan.

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Comments

  • geekcohen on 17/11/2024 - 13:20

    I would be interested at people thoughts/experiences with Qantas Home + Contents as well as the Car Insurance? Looking at moving mine to save cost plus earn points but worried about them as a provider and who it is technically through.

    • MS Paint on 17/11/2024 - 13:30
      +1

      Underwritten by Auto & General insurance. They are huge.

  • TALL1one on 17/11/2024 - 13:27
    -1

    1PT per $1 spent on your premium. So, you likely wont get many points if you can go month by month

    • ganjadeals on 17/11/2024 - 13:30

      I am looking at the 40,000 sign-up bonus and not too concerned about the points received for the premiums. According to their fine print, I should get 40,000 points just for signing up and staying with them for min 60 days. That's how I interpret it. Hoping someone with experience can confirm if I am interpreting this correctly.

      • TALL1one on 17/11/2024 - 14:09

        Not how I understood it at all, unless we are looking at different offers.

        What I see is as follows
        Earn up to 40,000 Qantas Points with every home insurance policy
        All policies earn Qantas Points if held for 60 days. To earn the max. amount of points a min. spend of $2,000 applies.

        Unless you referring to different offer than one linked below
        https://insurance.qantas.com/home-insurance

        • ganjadeals on 17/11/2024 - 14:10

          That's ^^ the one. We're looking at the same offer.

          • TALL1one on 17/11/2024 - 14:12
            -1

            @ganjadeals: I do NOT read a 40,000 sign-up bonus, though

            Earn up to 40,000 Qantas Points
            To earn the max. amount of points a min. spend of $2,000 applies.

            • ganjadeals on 17/11/2024 - 14:14

              @TALL1one: If you continue with the quote, you'll see this at the screen where you get the option to pay monthly or annually:
              40,000PTS (OFFER ENDS 29 JANUARY 2025) for joining. Points awarded based on your premium after 60 days. Not available with cover for homes or contents we've recently insured for you.

              40,000 is the maximum number of sign on Qantas Points that can be earned on every Qantas Home Insurance policy with an annual premium of over $2,000 purchased between 01/10/2024 and 29/01/2025. Each Qantas Home Insurance policy has a maximum number of points that can be earned upon purchase, which can be found here. Points will only be awarded to the primary policyholder after the policy has been held for 60 continuous days. The number of points awarded will be based on the premium of the policy at the expiry of the 60-day period. Sign on Qantas Points are not available on homes or for contents that have been insured by the primary policyholder through Qantas Home Insurance at any time in the previous 12 months, unless for a different address. Qantas may withdraw or extend this offer at any time.

  • Brick50 on 17/11/2024 - 14:48

    I did this with 3 comprehensive car insurance policies.

    I just paid them all upfront, after 60 days cancelled all 3 policies after receiving the points and got a prorata refund for each policy.

    Keep in mind I believe they will have a $40 cancellation fee you have to include in your calculations, and your current insurer may have one too

    • ganjadeals on 17/11/2024 - 16:36

      Thanks, so we need to get the annual plan to get the points and not the monthly plan? Did you get the points straight away after 60 days or did you have to wait for a bit?

      • Brick50 on 17/11/2024 - 17:46
        +1

        No I think you may be able to pay monthly but keep in mind paying monhtly costs you a lot more. And they came on the 60th day from memory

  • sumyungguy on 17/11/2024 - 15:52

    I switched to Qantas for the lower premium; a feature I do rate (not exclusive to them) is Sum Insured Safeguard: if your nominated sum insured is insufficient we may increase it by up to 25%

    • Shoocat on 17/11/2024 - 17:12

      "may" sounds strangely non-commital? Hopefully the T&C's are less ambiguous.

    • ihbh on 17/11/2024 - 17:37

      if your nominated sum insured is insufficient we may increase it by up to 25%

      … with an appropriate allowance for extra premium.

      PS: There are no free lunches in life.

      • Shoocat on 17/11/2024 - 21:41

        My current policy (different provider, same thing) says "if the cost of rebuilding or repairing your home exceeds your sum insured we will pay up to 25% more to cover the difference."

        Much clearer. Extra premium is $19 a year.

        • sumyungguy on 17/11/2024 - 21:52

          I think I quoted from their marketing; PDS says: this option will increase the amount we pay by up to an additional 25% of the sum insured stated on your
          Insurance Certificate.           Covers both contents and building. Perhaps some protection from having a claim refused due to under-insurance.

          • Shoocat on 18/11/2024 - 07:57

            @sumyungguy: Good to know, thanks. I think for the small extra premium and the state of the building industry at the moment, this is a good option to take.

            I can look at this as an option when my policy is next up for renewal.

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