According to ASIC, the website provides comparison information on available home buildings and contents policy features and indicative premiums for nearly 800 suburbs and towns in north Queensland.
“The website emphasises the importance of policy features appropriate to a consumer's circumstances when choosing home insurance, not just the premium,” ASIC said.
“The indicative premiums displayed in the comparison results returned by the website are not quotes and consumers will need to contact insurers for actual quotes specific to their circumstances and to purchase a policy.”
Information is currently provided about policies offered by Allianz, ANZ, CommInsure, IAG, QBE, RACQ, Suncorp and Westpac. Policy information from Youi will be available on the website in May.