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At certain times, some insurance policies might be unavailable. Home and contents insurance pays out a sum of money if your building or possessions are damaged, destroyed or compromised by an ‘insured event’. These events can include storms, fires, floods, burglaries and vandalism, but might exclude damage from vermin or movements of the sea. Most policies have a maximum amount they'll pay for a specific item, such as jewellery.
Find out what landlord insurance typically does and doesn’t cover, which optional extras you can add on and why it’s important to have. Home insurance protects homeowners, landlords, and tenants against property damage, loss or destruction. Policies cover events including fire, theft, and natural disasters (e.g. floods).
Personal effects
Bear in mind that doing so may make your premiums more expensive, but not all insurers charge for this. It’s also worth remembering that if you make a claim to have an item of jewellery or a smartphone replaced, chances are you will need to pay an excess, which could be hundreds of dollars. Home and contents insurance is a type of cover designed to protect homeowners financially if their property and/or its contents are damaged, destroyed or stolen in certain circumstances. For example, if your home is destroyed by a fire and your claim is approved, a home and contents insurance policy may cover all or part of the cost of rebuilding your home and replacing its contents. There are several different types of cover available depending on what level of cover you need and whether you live in the property or rent it out.
This type of cover does not cover damage to any valuables contained within the home. Flood insurance provides financial protection against property damage or loss caused by flood. It is a crucial policy inclusion if you live in a flood-prone area.
Save Big on Home & Contents
Comparing home and contents insurance with Compare the Market’sfree home and contents insurance comparison toolcan help you find a range of policies that have the coverage you’re looking for. Choosi Pty Ltd offers insurance products from a range of Australian brands. Choosi doesn't provide information or offer cover for all products available in the market and there may be aspects to some products that Choosi doesn't compare.
It could cost you hundreds if notthousandsof dollars to replace your belongings without contents insurance. This type of insurance can help you get back on your feet, and you can have both types of cover in a combined policy. Get all the information you need to compare, choose and apply for the right business insurance policy for you. Canstar may earn a fee from its Online Partners for referrals from its website tables, and from sponsorship or promotion of certain products. Fees payable by product providers for referrals and sponsorship or promotion may vary between providers, website position, and revenue model.
Home and contents insurance
Our comparison service helps you refine your quote and weigh up coverage, prices, optional extras and more with ease. In just a few minutes, you can get a range of quotes from some of Australia’s best home and contents insurance brands. Choosi has commercial relationships with all insurers that are available for comparison. Choosi obtains a commission from the insurer for arranging any insurance you choose to buy. Start comparing with Choosi today for your home and contents insurance.
We may receive a commission from our online partners if you apply for a home insurance policy you find on our site. Unlike other insurance comparison websites, we're completely independent and don't get paid by any of the insurers we're comparing. As a landlord, you can get landlords insurance to help cover damage to your rental properties, defaults (i.e. your renters can’t pay their rent), liability costs, and more. We’ve put together a quick glance guide to show you what is typically covered by home insurance , contents insurance, or combined home and contents policies. A ‘defined events’ policy lists the risks that your property is insured for and excludes everything else, while ‘accidental damage’ is an additional policy benefit. This type of policy gives investors financial protection from damage and costly repairs.
Cybersecurity and protecting yourself when remote
Depending on the policy, a cheap home insurance premium might also mean paying a higher excess if you need to make a claim. For alternative ways to keep costs down, some insurers offer discounts if you take out your policy online rather than over the phone, or if you pay the premiums annually instead of each month. Just make sure the policy as a whole is suitable for your needs and you’re not signing up solely to take advantage of a discount. Choosi helps you compare different home and contents insurance policies to help you look out for the things you own—whether it’s your valuable property or priceless possessions. Our comparison shows you what’s on offer with each provider and can be customised by you based on your budget, assets, and other personal needs. You can even compare policies for combined home and contents cover or separate policies for just your home or contents.
This type of policy gives investors financial protection from damage and costly repairs to the building and some contents, plus additional coverage for things such as lost rent. Your house isn't just the building you live in—it's your home! Get all the information you need to compare, choose and apply for the right funeral insurance policy for you. For example, if you are working from home, it may be worth speaking to your home insurance provider to let them know that your circumstances have changed.
Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Canstar is not providing a recommendation for your individual circumstances. If you decide to apply for an insurance policy, you will deal directly with the provider, not with Canstar. It’s important you check product information directly with the provider.
Learn more about our Home Insurance Star Rating Methodology. The rating shown is only one factor to take into account when considering products. If you are applying for a home loan, the lender will also typically require you to have at least a building-only insurance policy covering the property the loan is secured against. A home insurance policy covers the walls and roof of your house, but not your belongings. Jewellery insurance cover for your precious pieces You may be able to insure your cherished pieces of jewellery with contents insurance. We explain how jewellery insurance coverage works and what your options are.
We do not compare all home insurers or products in the market. Any advice given above is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances, and before you make any decision about whether to purchase a product, you should read the PDS for that product.
Canstar researches and rates more than 100 home and contents, home-only and contents-only insurance policies from dozens of different providers. The policies found to offer the best value overall based on premiums charged and the level of cover and features on offer receive a 5-Star Rating. Canstar also gives Awards to the providers found to offer Outstanding Value overall, both nationally and in various states and territories. Home insurance cover can help protect your wallet against the cost of repairing or replacing your home following an insured event, like malicious damage, falling trees and natural disasters. Home insurance can cover the replacement cost of the home and outbuildings, as well as the cost of clearing debris. Depending on the type of cover you have, you can also be insured for flood damage and burned-out electrical appliances.
What does home and contents insurance typically cover?
Compare Landlord Insurance Landlord insurance is a policy that can cover you against events such as loss of rent, or if your tenant cannot pay. When completing a quote, play around with the excess amount to see if it lowers the cost of the insurance premium. Keep in mind that choosing a higher excess for a lower premium means you will have to pay more in the event of a claim. As the General Manager of General Insurance at Compare the Market, Stephen Zeller works to make the protection of a homeowner’s most significant financial assets, an easier and more efficient process. Stephen empowers people with choice and believes it’s important to have adequate cover in the event of the unexpected – fire, flood, storm or vandalism. You can also take a look through the following list of home insurance providers in Australia.
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