Transfer at least four insurances to Hug and save 20% off what you currently pay.
I transferred home & contents and 2x car insurances and I’m saving $350 a year.
When applying submit copies of your current policy schedules or written quotes and Hug will discount 20% on the cost of each of your existing, comparable covers.
It’s part of RACQ Insurance
Ah gotta fill everything, then they give you a quote in 2 business days.
And most likely there goes your number.
Can take the chance to safe 20%, but then what if they increase premium for whatever reason….new player and all.
Might wait and see what other's experience are going forward
The price is locked in for a year then you can always change. My quote actually came back within a couple of hours
My insurance policies are all due at different times.
Can I transfer 4 policies without losing money I’ve already paid for policies still in effect?
Generally, yes. Your current insurance policy will refund you pro-rata once you cancel your current insurance.
Of course, ymmv.
Most will apply an administration fee so will be less than the pro rata amount.
No hug during coronavirus.
On their website it said "To qualify you need at least 1 Building or Contents, and a minimum of 4 Assests (excluding Pets)". Does it mean we need at least 5 insurances to get the discount?
I got it with 2x cars and a home & contents
home
contents
car 1
car 2
that makes four assets, seems to be enough to get a quote
All stay at home, who needs insurance? I cancelled my home and one of the car insurance already. And just have one car insurance left.
Pls don’t complain if your house burns down
I works for insurance and know how it works. If you are at home and the house burn down rate is almost 0%. Most frequent claim rate happens in flooding but still if you are at home, go to turn off the water pump. Anyway, your choice.
lol works in insurance and doesn't have insurance.
If you have a secured loan on your car you likely need it insured, and not 100% sure but would make sense if you have a mortgage on your house that you need at minimum property cover. Also just because you're staying at home doesn't mean you can't be burgled, have your car stolen, have a fire etc.
mortgage: you only need insurance when you apply the loan. Cancel it after you granted the loan.
Property: you stay at home, those chance of happening is almost 0.
I works for insurance and know how it works. If you are at home and the house burn down rate is almost 0%. Most frequent claim rate happens in flooding but still if you are at home, go to turn off the water pump. Anyway, your choice.
Guess what? Profitability of home insurance is above 20%, so please do contribute to the insurer's profit during pandemic period.
As stated above, pls don't complain if something goes wrong.
Did not accept my AAMI home and contents insurance as doc didn't seem to mention Accidental Damage cover.Does not have Thirty party car insurance and road side assistance which comes with car insurance.
After providing copies of my current policy (home and Contents + 1 Comprehensive car +1 3rd party car with road side assistance) the quote they gave me was higher than my total insurance cover as their home and contents insurance has Accidental Damage cover and instead of 3rd party they replaced it with comprehensive cover.
Waste of time !
Trump happiness books?
hug insurance?
Did I fall asleep at a David lynch festival?