Insurances

General Insurance | Loan Insurance | Personal Insurance

General Insurances

Home Extra

Home Extra is a fulsome insurance option for both your Home Building and your Home Contents. You can also take one part of the cover without the other. For example, if you are renting a home, a ‘contents’ policy will protect your things, but you probably don’t need the Home Building component. Likewise, if you are a landlord, you may want to protect the building, but you might not be responsible for your tenant’s possessions.

Home insurance covers your house, its fittings and fixtures — including garages, outbuildings, fences, gates and inground pools — against insured events, such as fire, flood, earthquake, collisions, theft or attempted theft, malicious acts, falling trees or branches, and more. Please refer to the PDS for specifics.

The ‘contents’ component provides cover for your furniture, furnishings and most household goods and personal effects against loss or damage by any of the insured events. Please refer to the PDS for specifics. We can arrange your insurance through our Member Insurance Service.

Landlord Insurance

Your rental property also needs to be protected. With Landlord Insurance, your property is covered against the same events as the standard Home Building policy as well as loss of rent, tenant default, legal fees for discharge of mortgage, landlord furnishings, and more. Please refer to the PDS for specifics. We can arrange your insurance through our Member Insurance Service.

Motor Vehicle Insurance

This covers the insured vehicle for partial or total loss or damage. For instance, if your car is stolen and not recovered, or is damaged so badly that it would cost more to repair than the value of your car, this cover will pay you the value of your car minus any excess that may apply.

Cover also provides for some related expenses such as:
• Reasonable costs for towing and storage if the car cannot be driven following an accident or loss.
• Up to $500 emergency repairs that may be required to allow you to drive your vehicle following an accident or loss.
• Lifetime guarantee for repair on parts and workmanship while the car is still owned by you.

Holiday Travel

Peace of mind for when you’re away from home. This cover includes unlimited cover for overseas medical expenses reasonably incurred with 24-hour emergency access to support. Also includes lost baggage and travel documents, accommodation expenses, cash paid while you are in hospital, personal liability, and more.

Annual Multi-Trip Travel

All the benefits of Holiday Travel insurance with the addition of up to $15,000 in loss of income and cover to send a substitute person if necessary to complete your business. See our Product Disclosure Statements available in every Advice Centre for more detail.

CTP Greenslip

Also known as Compulsory Third Party NSW Greenslip, this insurance provides protection to vehicle owners and drivers who are legally liable for personal injury caused to others involving the operation of their vehicle.

We offer competitively priced CTP Greenslips for good drivers* over 30 in NSW. Eligible customers** receive free DriverProtect Policy giving you up to $300,000 cover for certain personal injuries sustained in a serious at-fault accident. Free quotes are available on our website or by calling us on 02 4860 4000 in business hours.

Loan & Mortgage Protection Insurance

Also known as Consumer Credit Insurance, Loan Insurance provides cover to help you make your loan repayments – or even pay out your loan – if any of a number of different eventualities were to happen to you.

You can select from any of the following covers to suit your needs: life, trauma, disability, and involuntary unemployment.

This insurance can be purchased to protect either your mortgage loan or your personal loan. The cost of this insurance is calculated on the amount borrowed, the period of the loan, the types of cover selected, and in some instances your age. The premium can be paid as a lump sum, however, most people add the premium to their loan. Staff can tell you what your repayments would be with the loan insurance and without.

It is not compulsory to take this cover with a loan, but we do recommend considering it if you are borrowing money.

Call us for a personalised quote on 02 4860 4000.

Read the Loan & Mortgage Protection Product Disclosure Statements

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Secure Sentinel

Protect against risks associated with the loss of financial cards and valuable documents with SecureSentinel. Especially useful for those who travel.

Learn more about Secure Sentinel

Personal insurance

We can organise many, if not all, of your personal insurances through our network of trusted and wellknown insurance partners. We will find the policy that’s right for you.

Life Insurance

A lump sum payment on death or terminal illness where life expectancy is less than 12 months.

Trauma

A lump sum payment on diagnosis or occurrence of a heart attack, stroke, cancer or coronary artery by-pass surgery.

Funeral Plan

A lump sum payment to cover the cost of your funeral. You can choose cover of $5,000, $10,000 or $15,000.

Income Replacement

Those in eligible occupations, including the self-employed, who find themselves unable to work for a period of time can purchase this cover and receive up to 75% of their lost income for a pre-determined period.

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About the Insurances and our Partners
This information is general in nature and doesn’t take your objectives, financial situation or needs into consideration. Please consider if the insurance is right for you and read the relevant Product Disclosure Statement before applying for insurance policies.

General Insurance (excluding CTP Greenslip and Loan insurance) is issued by Vero Insurance Limited ABN 48 005 297 807. Product Disclosure Statements (PDS) are available for these products and can be obtained from advice centres. You should consider the relevant PDS when you are deciding to purchase your insurance. BDCU does not guarantee the benefi ts payable under the insurance. BDCU is the arranger of the insurance. General insurance cover is subject to acceptance by Vero Insurance Limited.

The Life, Trauma, Needlestick Injury, Funeral Plan and Income Replacement products are part of the Ezicover range issued by Zurich Australia Limited ABN 92 000 010 195, AFSL 232510 of 5 Blue Street, North Sydney, NSW 2060 and are available to Australian residents only. Zurich also a provider of life insurance, which can be arranged through BDCU.

CTP Greenslip and Loan Insurance is issued by QBE Insurance (Australia) Ltd ABN 78 003 191 035 AFSL 239545.

** Eligibility criteria include the type and use of the vehicle and driver’s age. Only available on annual CTP policies.

* Offer applies only to motor cars and light commercial vehicles. Applicants must be over 30, with no other drivers under the age of 25, and must have zero demerit points at the time the permium is paid. Please refer to the PDS (available from BDCU) to decide if the Loan Insurance is right for you.

Insurance issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFS Licence 239545 for Disability and Involuntary Unemployment and OnePath Life Limited ABN 33 009 657 176 AFSL 238341 for Life and Trauma.
 

MORE INFORMATION
This information is general in nature and doesn’t take into consideration your personal financial situation, objectives or needs. You should consider whether it’s right for you in light of your circumstances and seek advice. Terms and conditions, fees and charges apply to all of the products mentioned above. BDCU recommends that you read the terms and conditions, relevant Financial Services Guide and Product Disclosure Statements before deciding whether to acquire a product. These are available on application or request.