SEE WHAT’S NEW IN POLICYCOMPARISON

JULY 2026 – PCI PolicyComparison Report 

NEW INSURER / POLICY WORDINGS/SECTIONS

• Three (3) Constructions Liability – Sura Pty Ltd
• One (1) Professional Indemnity – Miramar Group Pty Ltd
• One (1) Strata – Vero

POLICY COMPARISON TEAM HAVE FOUND THE FOLLOWING RECENT CHANGES:

• Commercial Motor
  • Comparison unaltered – AAMI

• Commercial Packs
  • Comparison unaltered – AAMI, Allianz Australia Insurance Limited,Alterations to Excluded Property – Customers’ Goods, Paintings, Works of Art or Curios, Vehicles Watercraft – Elders
• • Alteration to Insured Damage Clause – Elders
• • Alteration to Cyber Genera Exclusion – Elders
  • Alteration to Buildings and Contents Definitions and to Various Benefits – Elders

• Contact Works Liability
  • Change of Underwriter – Sura Pty Ltd

• Home Insurance
  • Changes to Address Family Violence Situations – Huddle Insurance, BUPA Australia, Australian Seniors Insurance Agency Pty Ltd
• • Alteration to Accidental Damage Cover and Electric Motor Burnout – ANZ Banking Group Limited
• • Comparison Unaltered – Budget Direct, National Australia Bank Limited, Hume Bank, ANZ Banking Group, AAMI, Huddle Insurance, BUPA Australia
• • Alteration to Exclusion for Claims Preparation Costs – ANZ Banking Group Limited
• • Alteration to Contents in Transit Benefit – ANZ Banking Group Limited
• • Alteration to Lawful Destruction/Confiscation of Insured Property Exclusion – ANZ Banking Group
• • Completely Rewritten Wording – Elders Insurance Pty LimitedNew Level of Cover Included – ANZ Banking Group
  • Removal of Optional Domestic Workers’ Compensation Cover – Aussie, National Australia Bank Limited

• Landlords
  • Changes to Address Family Violence Situations – BUPA Australia
• • Comparison Unaltered – Budget Direct
• • Removal of Optional Cover for Landlord Workers’ Compensation – National Australia Bank
• • Various Alterations – BUPA Australia
  • Various Alterations to Waiting Period, Basis of Settlement Clauses and Exclusions – ANZ Banking Group

• Leisure Travel
  • Change to Basis of Settlement for Luggage and Personal Effects – BUPA Australia
  • Change to Worldwide Cover, Pre-Existing Medial Condition Definition and Sanctions Condition – BUPA Australia

• Liability
  • Change of Underwriter, Inclusion of Territorial Limits Definition and Removal of Various Territorial Exclusions – Sura Pty Ltd
  • Comparison Unaltered – AAMI

• Management Liability
  • Comparison unaltered – AAMI

• Private Motor
  • Various Alterations to Expediting Expenses, Repairs Guarantee, Basis of Settlement, Genuine Parts Guarantee and Other Clauses – Real Insurance
• • Alterations to Third Party Property Damage – Related Benefits – Uninsured Motorists Extension – RAC Insurance
• • Alterations to Various Conditions and Exclusions – Australian Seniors Insurance Agency Pty Ltd, BUPA Australia, Everyday Insurance, Huddle Insurance
• • Completely Rewritten Wordings – Elders Insurance Pty Limited
• • Inclusion of Support for Victim Survivors of Family Violence, covers, definitions and exclusions – Commonwealth Bank of Australia
  • Comparison Unaltered – PD,

• Pet Insurance
  • Change of Underwriter, New Policy Wording – RSPCA Australia Incorporated

• Professional Indemnity
  • Comparison unaltered – AAMI
  • Change to Jurisdictional and Geographical Limits Exclusion – Hutch Underwriting

• Strata
  • Alteration to Damage Definition, Damage caused by Tenant’s Pet and Chemical Decontamination – Hutch Underwriting
  • Comparison Unaltered – Rubix Underwriting

Comments

• Domestic Workers Compensation Cover is still being removed from the Home Policy Wordings
• Family Violence changes to policy wordings for Home, Private Motor and Leisure Travel
• There were 43 Policies/Sections that were unaltered in the last month.
• 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.

TEMPLATE CHANGES

Commercial Pack – Electronic Equipment

• Ongoing – moving up the Additional Information cells into the current template.

Pet Insurance Template

• Various changes to Template to include new cells to include Definitions. Ongoing changes being made.