Novemebr 2025 – PCI PolicyComparison Report
The PolicyComparison team have been busy this month, continuing to demonstrate their dedication to maintaining policy accuracy and alignment with the latest standards.
Take a look at what’s new below!
- 353 Policies Received (27 for Policy library)
- 303 Policy / Section Changes
- 50 New Wordings/Sections to LMI Policy Comparison
Quick overview
- Eighteen (18) policy wordings/sections were completely rewritten – Commercial Pack – Mainstay Underwriting, Contractor Plant – 360 Mobile Plant & Equipment Pty Ltd, Home & Contents – CBA, Leisure Travel – Southern Cross Travel Insurance and 1Cover Pty Ltd, Private Motor – CBA and Club 4×4.
- One hundred and Twenty-Four (124) policy/sections had change of underwriters. These wordings have not changed the content of the wording but have updated their policy wording pdf.
- Summary of Changes vary per policy wording. Some Policy Wordings have been completely rewritten, whilst others have changed various exclusions, conditions, and benefits. Some wordings/sections were unaltered which means the policy wording has been updated but no change to the comparisons.
NEW INSURER / POLICY WORDINGS
- One (1) Caravan/Trailer – New Wave Marine Insurance
- One (1) Professional Indemnity – Probitas Pacific
- One (1) Liability – Chubb Insurance Australia Limited
- One (1) Strata – Eclipse Insurance Pty Ltd
- Four (4) Commercial Packs / ISR – Focus Underwriting
- Twelve (12) Corporate Travel – Chase Underwriting Solutions
- Thirty (30) Home and Contents – Kogan Insurance, CHU Underwriting Agencies Pty Ltd, BOQ
POLICY COMPARISON TEAM HAVE FOUND THE FOLLOWING RECENT CHANGES
| Caravan/Trailer Alteration to Related Benefits – Youi Pty Ltd Alteration to various Basis of Settlement – Youi Pty Ltd Alteration to various Exclusions – Youi Pty Ltd Amendment to General Policy Exclusions – Sanction Limitation Exclusion – RAA Insurance Pty Ltd Commercial Motor Change to Delay of cover policy terms – NRMA Insurance, RACV Change to Damage caused by uninsured vehicle additional benefit – NRMA Insurance, RACV Change to Excluded drivers’ exclusions – NRMA Insurance, RACV New and change to cover definitions and exclusions – Zurich Australian Insurance Limited New additional cover benefits for electric vehicles and data – Zurich Australian Insurance Limited Change of Underwriter – WFI Insurance Limited Change of Name of One of Joint Venture Partners – NTI Commercial Packs Alteration to Accidental Damage Limit – NRMA Insurance, RACV Flood and Storm Surge Cover included – NRMA Insurance, RACV Delay of Cover Exclusion time period changed and now also applies to Flood or Storm surge – NRMA Insurance, RACV Alteration to General Exclusions for Nuclear and War – NRMA Insurance, RACV Alteration to General Claims Condition Subrogations Rights – NRMA Insurance, RACV Alteration to various General Exclusions – NRMA Insurance, RACV Alteration to reasonable care and maintenance – Youi Pty Ltd Alterations to consequential loss – Youi Pty Ltd Alteration to Asbestos Exclusion – Youi Pty Ltd Now contains Exclusions for Silica and Toxic Waste – Youi Pty Ltd Change to definition of Category and Categories – Professional Risk Underwriting Pty Ltd Alteration to Cooling off period – Professional Risk Underwriting Pty Ltd Change of Underwriter – WFI Insurance Ltd, Steadfast Group Ltd CGUA Change of Name of One of Joint Venture Partners – NTI Completely rewritten wording – Mainstay Underwriting Contract Works Comparison unaltered / Format changes only – Chase Underwriting Solutions Completely rewritten wording – 360 Mobile Plant & Equipment Pty Ltd Crop Policies Change to Underinsurance Provision – Primacy Underwriting Management Change to Delayed Picking Benefit – Primacy Underwriting Management Change of Underwriter – WFI Insurance Limited Comparison unaltered – Insurance Facilitators Pty Ltd Cyber Comparison unaltered – AIG Australia Limited Change of Underwriter – WFI Insurance Limited Directors and Officers, Professional Indemnity and Management Liability Changes to language used throughout the Policy – AON Risk Services Australia Limited Home Insurance Change of Underwriter – CGUA, RACQ Insurance Limited, WFI Insurance Limited Alteration to Charging Exclusion – RACQ Insurance Limited Alteration to Claim Notification Method – RACQ Insurance Limited Change in limits for Fine Art and Jewellery – Quantum Underwriting Agencies New limit for Bicycles, E-Scooters and Electric Bicycles – Quantum Underwriting Agencies Comparison unaltered – RAA Insurance Pty Ltd New Exclusion for Sanction Limitation – RAA Insurance Pty Ltd Completely rewritten wording – CBA Liability of Coinsurers/Product Issuers Clause included – Sure Insurance Pty Ltd Leisure Travel Change to definition of Pre-Existing Medical Condition – CGU Insurance Alteration to Cancellation of Trip Cover – Jetstar Alteration to Medical Evacuation Cover – Jetstar Alteration to various exclusions – Jetstar Amended Period of Insurance and Pre-Existing Medical Condition Definition – 1Cover Pty Ltd Amended Pregnancy and Childbirth Exclusions – 1Cover Pty Ltd Amended Automatic Cover Period Extension Condition – 1Cover Pty Ltd Amended Eligibility Criteria – 1Cover Pty Ltd Amended Section 13 – Pre-Departure Amendments to Journey, Section 14 – On Trip Cancellation Fees & Lost Deposits and Section 15 – Additional Accommodation & Travel Expenses – 1Cover Pty Ltd Change of Definition of Pre-existing Medical Condition – Bendigo Bank, CGU Completely rewritten Section – Southern Cross Travel Insurance Various Alterations to Cover, Benefits and Sub Limits – Southern Cross Travel Insurance Liability Alteration to Asbestos Exclusion – Youi Pty Ltd Now contains Exclusions for Silica and Toxic Waste – Youi Pty Ltd Alteration to General Exclusions for War and Nuclear – NRMA Insurance, RACV Change of Underwriter – WFI Insurance Limited Marine Transit Comparison Unaltered – Truck Assist – Powered by NTI Private Boat Change of Underwriter – WFI Insurance Limited Change to Claim Notification details – RACQ Insurance Limited Private Motor Change of Underwriter – Club 4 x 4, WFI Insurance Limited Alteration to Loss of Use Exclusion – Rollin Insurance Amendment to Conditions & Exclusions – Sanction Limitation Exclusion – RAA Insurance Pty Ltd Change to Waiting Period – CGU Insurance Change to Lawful Confiscation Exclusion – CGU Insurance Change to Genuine Parts Guarantee – CGU Insurance Completely Rewritten wording – CBA Rural Packs Change of Underwriter – CGU Insurance Rural Plan, CGU Insurance Country Pack, WFI Insurance Limited Amendments to Scope of Cover – Money; Basis of Settlement – Farm Machinery; Related Benefits – Rewriting of Records or Documents; Exclusions – Losses Not Discovered – CGU Insurance Rural Plan Alteration to Excluded Plant – CGU Insurance Rural Plan Alteration to Engineers Fees and Contamination of Milk Benefits – CGU Insurance Rural Plan Alteration to Perils Covered and Basis of Settlement – CGU Insurance Rural Plan Alteration to various Defined Events – CGU Insurance Rural Plan Alteration to various Defined Events – CGU Insurance Rural Plan Alteration to Carcass Disposal, Humane Destruction, Stud Stock and Temporary Protection – CGU Insurance Rural Plan Alteration to Basis of Settlement and Definition of Livestock – CGU Insurance Rural Plan Removal of Personal Accident Section – CGU Insurance Country Pack Amendments to Basis of Cover – Earthquake, Malicious Damage – CGU Insurance Country Pack Alteration to Unfitted Vehicle Caravan Boat Accessories or Spare Parts – CGU Insurance Country Pack Alteration to Watercraft, Motors, and Equipment – CGU Insurance Country Pack Alteration to Refund of Premium Clause – CGU Insurance Country Pack Changes to benefits for Extra Costs of Rebuilding, Identity Theft, Unsealed Access Driveways, Legal Defence Costs – CGU Insurance Country Pack Strata Alteration to Loss of Rent Definition – Eclipse Insurance Pty Ltd Alteration to Legal Expenses Cover – Eclipse Insurance Pty Ltd Alteration to Cancellation Clause – Eclipse Insurance Pty Ltd |
TEMPLATE CHANGES
Home Template Exclusions Template – Split the cell for War and Nuclear into two cells. Responses will be updated to accommodate this.
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| COMING SOON TO POLICYCOMPARISON.COM The team at LMI have been working away in the background on something special, AL, LMI Groups new AI system. “AL”, is a big believer in not just learning but learning from the right source. Leveraging LMI Group’s extensive knowledge database, starting with all the information and policy library within PolicyComparison.com gathered over the past 20+ years, AL is fast becoming a very useful member of our team, and we hope soon of yours too. We will keep you updated on the progress and implementation of “AL”. Details of the policy comparison tool is just a click away at PolicyComparison. Within the tool, hover over the icon to get a summary, or click “Show what’s new” to see all changes highlighted in the comparison. Click here to view the changed policy titles and reference numbers. |