Home and contents insurance at a glance

What is home and contents insurance?

Home insurance can protect you from financial risk if your home is damaged or destroyed and can also cover your home’s contents if they are damaged, lost or stolen.

Who should consider it?

More than often your home is the largest investment you will make, can you afford to not protect it?

Insurance House home insurance can help. Home & contents insurance can even protect you against legal liability if someone is injured or killed on your property.

What can it cover?

Insurance House can support and find you the right home insurance policy that can provide you with extensive protection if your home suffers loss or damage – with a number of additional benefits included automatically. You have a choice of options, with different levels of cover and inclusions available. The exact cover you can receive depends on the policy that you take out.

But to give you an idea, here are some of the benefits a home insurance policy may include:

  • A safeguard of up to 30% extra of your total sum insured, so you can feel confident you won’t be caught short if you have to rebuild (does not apply to base listed events policy).
  • Accidental damage cover for valuables under $10k per piece.
  • Cover for accidental breakages, damage caused by falling trees during a storm or the impact of a car
  • Cover for flood and cover for fire, including bushfire, or explosion. Automatic inflation adjustment to your buildings and contents sum insured.
  • Cover for earthquake, tsunami, lightning strikes, storm, rainwater, hail and wind and water damage from certain leakages.
  • An extra 20% of your total sum insured to cover accommodation costs, if you need to move out while your
  • Home is being repaired or rebuilt.
  • Cover for burglary or theft, caused by a forced break-in and vandalism or malicious damage.
  • Environmental upgrade cover – up to $5,000, and extra costs of rebuilding to meet statutory requirements – up to $25,000.
  • Liability cover of up to $30 million for injury or loss of life to a third party, or loss of a third party’s property on a building you occupy or own.
  • Catastrophe cover up to an additional 30% of the building sum insured, for declared natural disasters.

What usually isn't covered?

Each policy is different, but generally you won’t be covered:

  • If your home is unoccupied for more than 100 continuous days (90 days for the listed event and base listed event wordings).
  • For rust, corrosion, gradual deterioration, depreciation or wear and tear.
  • For damage caused by rats, mice or insects.

If your house is undergoing renovations or if you are running a business from your home, you should speak with your broker as your policy and cover may be affected.

There are other exclusions which your insurance broker can outline for you. In addition, there is a deductible/excess.

Case Study

During the 2017 Northern New South Wales floods, Michael’s family home and all its contents were severely damaged by floodwaters. Fortunately, Michael had taken out home insurance.

His Home Insurance policy included automatic cover for flood, so it covered the costs of repairing the damage that floodwaters had done to the walls and floors of his home.

It also covered the cost of replacing his furniture and white goods. And, because he and his two children had to move out while his home was being repaired, his policy took care of the costs of living in rental accommodation during this time.

Contact us today!

Making sure that your home and contents are properly insured is a conversation worth having with a broker today! Fill out our contact us form below.

Cover is subject to the policy terms, conditions and exclusions.

This information is general in nature. To read our general advice warning click here.

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