Receive up to 30% off Your First Years Insurance Premiums @ Cover Australia

10

Go to Deal

AssociatedL[Deactivated] on 02/03/2015 - 13:59 coveraustralia.com.au (190 clicks)
Last edited 02/03/2015 - 14:41 by 1 other user

N/AjustmentionOzbargain

Hi Ozbargainers,

For the month of March we are offering a 30% cashback on all insurance premiums paid within the first 12 months of taking out your policy with Cover Australia. This 30% offer only applies to premium that exceed $2500 in the first year. The quotes displayed on screen will not factor in said discount. We can provide you with the discounted premiums upon request. We only provide advice on Life Insurance, Income Protection, Disability insurance, Trauma Insurance and Business Expenses insurance.

Cover Australia compares quotes and insurance from all of Australia's major retail insurance companies. We offer a full advice service and pride ourselves on having the personnel and experience available to deliver industry leading advice. Our experience and standing in the industry has led to us having developed executive level relationships at many insurers. As such, we are able to ensure that your claim (should the need arise) will be handled in the most timely manner possible (we often finalise claims and have them paid out within 24 hours of them being submitted.)

WE ARE NOT A REBATE/CHURNING OFFERING

We are not offering to simply take over your policy and rebate you a % of the commission like a number of businesses are doing now. We are offering you the exact same service and advice that we offer all our clients.

The 30% rebate will be provided to you once the first 12 months of the insurance policy have elapsed and all relevant premiums paid.

If you would like to speak with an adviser, please call us on 1300 366 817.

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• 

  Roary on 02/03/2015 - 14:11

  +11

  So let me see if I got this right

  Firstly I need a premium more than $2500.. I think all my aircraft atm are covered but I will check my cruise ships policy

  Secondary I need to take out a premium for a full year and pay for in advance then at the end of the year I can claim a "UP TO" 30% rebate.. Why not just remote the rebate from my Policy? Surely you can factor that in if I cancel my policy in the first year

  Thirdly there is no mention of the rebate, I have to verbally mention Ozbargain. Of course after the year its a bit late to argue when the adviser says "Sorry I have never heard of a verbal Ozbargain offer"

  • 

    Associated[Deactivated] @ coveraustralia.com.au on 02/03/2015 - 14:15

    -1

    Hi Cardz,

    Thanks for your queries.

    A)Unfortunately we cant provide you with insurance for your cruise ship as we only provide advice on life insurance, income protection, disability insurance and trauma insurance.

    B)You do not need to pay anything 12 months in advance. We will rebate you 30% of the total premiums paid after the first 12 months of your policy has elapsed (and been paid for).

    C) We will confirm for you via e-mail (prior to going ahead with the policy) how much you will be rebated. You will have no problem 'proving' that you were offered a discount and how much it was meant to be.

    • 

      saffers on 02/03/2015 - 14:41

      So you are willing to give back 30% of the 110% you would be getting for signing up the new client… Does not sound like an ozbargain.

      Anyone considering this also have a look at McMasters Insurance. They give you all received commission back minus a fixed fee and not only for the first year.

      http://www.mcmastersinsurance.com.au/get-started/

      *I am not associated with them.

      • 

        Associated[Deactivated] @ coveraustralia.com.au on 02/03/2015 - 15:03

        Hi Saffers,

        Thank you for bringing this up. Taking a cursory look at Mcmasters insurance it seems that they offer a 'no advice' service as well as an advice service that costs considerably more. At Cover Australia we seek to provide and offer our clients advice at NO COST, this offer includes that.

        Your personal insurances are something that need to be reviewed each and every year. Due to this, it is our responsibilty as your adviser to review your entire insurance portfolio every year. We do this in the form of an annual review, you can expect a call from us about 1 month before your policy is set to renew. This is when we will advise you of the results of our review. Is this included in the fee based model that mcmasters use?

        Another issue, and potentially the most worrying, is the matter of claims. The reason you buy insurance is to be able to make a claim, an advisers expertise and experience is invaluable in these situations. Have you ever tried to file an income protection claim with a large insurer before? I can almost guarantee that you would achieve a worse result by handling your own claim than you will if we handle it for you. Claims management is one of the main areas that an adviser can add-value, is this
        something that mcmasters do free of charge?

        It is unfortunate for the entire wealth management industry that schemes exist whereby a company is able to rebate commissions to their clients without providing advice. While this might result in a cheaper product in the short term, the level of protection we all enjoy will inevitably deteriorate as people who aren't specialised experts begin to handle the claims sales process.

      • 

        furyou on 02/03/2015 - 15:03

        $300+ GST
        Can you quote ex GST?
        How do you know what commission is? It could be $0

    • 

      snuke on 02/03/2015 - 14:44

      +2

      No insurance for your cruise ship = no deal.
      I don't need life insurance as I under the belief that I will never die.
      I don't need income insurance because I am crazy rich, see ownership of cruise ship for reference.
      I have a cruise ship, stupid money, and will never die, I am blissful, therefore I don't need your trauma insurance either.

      You really don't cater to the average Ozbargainer do you.

    • 

      Roary on 02/03/2015 - 18:07

      +1

      $2500 for life insurance?
      What do you insure?
      IS militants?

• 

  [Deactivated] on 02/03/2015 - 14:26

  providing life insurance is the biggest money maker.

  • 

    Ijuiceman on 02/03/2015 - 16:27

    +1

    Not to the person paying or dying

• 

  RubenM on 02/03/2015 - 17:54

  +1

  Minimum of $2500 for life insurance? Wouldn't you have to be a 117 year old smoking deep sea diver to pay that much?

• 

  Goldsac on 03/03/2015 - 10:06

  Lol, Cover Australia has targeted the wrong people with this offer.