Insurer Name:

TIO Insurance

About Company:

Owned by the government of the state Northern Australia, TIO is an insurance company where the Board of Members is responsible to the minister for the organization?s presentation. TIO is guaranteed by the government, but still they function as a commercial business and aim to take every step necessary to ensure that people are insured in the way they should be.

Covers:

Home insurance, content insurance, boat insurance, car insurance, landlord insurance, business insurance, strata title insurance

Advantages:

TIO is arguably the best insurance company in the state of Northern Territory. Since they are functional only in one state, the load on their customer hotline is less, making them easier to contact. Their friendly and well informed staffs are always there to help you with things like quotes and signing up for premiums.

Most of their policies are affordable for common people, which is great for people with low budgets. Claims are always paid on time and the repairs are done with no hassle. Their professionalism has been praised by many people on many different occasions.

Disadvantages:

The verification process for the damages, before the claims are sent, can take a while. There have been many complaints about the type of questions asked during this process. There has been a case recorded where the window of a car was smashed due to unavoidable reasons and still no money was paid because TIO thought it could be prevented.

Conclusion:

TIO is one of the best options for people living in Northern Territory. They provide quality service at cheap prices and have also been featured by Choice Magazine in the list for the best insurers.

The Terms and Conditions, Policy Statements and the small fine prints within the text should be read very carefully and understood before buying anything. If you have any doubts in anything, feel free to call the customer service or consult any local financial adviser.

Insurance Carve deems TIO insurance as a company worthwhile to purchase insurance from.

Website Address: Visit Website Phone Number: 1800 062 058 Email Address: tio@tio.com.au

Address: 595 Collins St Melbourne VIC 3000