Home Insurance | Home and Contents Insurance

Get the facts on home & contents insurance

What is Home and Contents Insurance?

If you own a property and have contents of value, home and contents insurance can help cover you in some unfortunate and unforeseen circumstances which could result in your home and/or your possessions being a little worse for wear.

What is contents insurance?

When you’re a home owner, the value of your possessions can quickly add up. Contents insurance helps cover you for the replacement value of some personal items and effects in your home.

Are there different types of contents insurance?

While most contents insurance policies are designed to do one thing – protect the contents in your home – not all policies are the same. Some policies offer optional extras to your policy for a higher premium.

What is Contents Insurance for renters?

Contents Insurance can help provide protection against damage and loss to some personal items in the home you're renting.

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Frequently asked questions

How much is home and contents insurance?

The price of home and contents insurance will vary depending on a range of factors, including: your policy type, insurance provider, the value of your home and contents, and even more granular details such as the location of your home, the materials used to build your home, and other risks to your property. Risks to your property can include things such as known weather events in your area, eg: floods, bushfires. With iSelect, you can view home and contents quotes from our range of policies and providers* in a matter of minutes.

What is landlord insurance vs home insurance?

Landlord insurance and home insurance are very similar products, however landlord insurance can offer a number of additional services which may help protect your investment. Home insurance, also known as building insurance, can cover you against risks from fire, flood, storms and other natural disasters. It usually includes coverage for the following items:

Fittings and fixtures
Ovens and stovetops

Landlord insurance can protect you from loss caused by your tenants or their guests, including damage to your property, or unpaid rental payments. It’s important you review the Product Disclosure Statement for information about policy inclusions, limitations and exclusions prior to making any purchase decision.

What is home and contents insurance?

Just like health insurance policies that combine hospital and extras, home and contents insurance is a combined policy that includes features of both home insurance and contents insurance. Home insurance can cover the cost of rebuilding or repairing your home, protecting you from damage outside of your control, such as natural disasters (including storms and bushfires). Contents insurance, on the other hand, focuses on your possessions, rather than the building. Not only can your clothes, jewellery, furniture, and others be covered from natural disasters, depending on the policy they may also be protected from accidental damage and electrical surges up to specified policy limits.

What can be covered by contents insurance?

Contents insurance covers the cost of repairing or replacing some of your household or personal possessions and furnishings depending on the policy. These can include the following:

Clothing
Jewellery
Toys
Furniture
Bedding
Curtains
Decorations
Computers
TV’s
Stereos
Fridges
Other electrical appliances
Tools
Sporting equipment

In some policies, accidental damage can be covered for these items, which means if you, a family member or a guest knocks something over or breaks something, you can make a claim to repair or replace it if required. You may also be able to arrange for protection even if certain items are lost, stolen, or damaged outside of your home. It’s important you review the Product Disclosure Statement for information about policy inclusions, limitations and exclusions prior to making any purchase decision.

How does contents insurance work?

Most contents insurance policies will cover your possessions if they’re lost or damaged, up to a sum insured amount. However, it’s important to note that most policies will only replace damaged or stolen items to their replacement value. For example, if your TV is stolen, your insurer will likely replace your TV with a like for like model, or pay you the amount it would cost to replace it for the same model.

What is renters insurance?

When you live in a rental, your landlord usually is responsible for any damage to the home, including the fixtures and fittings. Your contents, however, is not covered by the Landlord. In order to cover your contents, there are contents insurance policies. This could protect some of your possessions from damage, from natural disasters, or even accidents caused by you, your family or your guests depending on the policy.

What is home and contents insurance ‘excess’?

Like with other types of insurance, such as car or travel insurance, home and contents insurance usually includes an excess payment. This is the fee you pay after making a claim in order to receive the benefits that your policy entitles you to. With home and contents insurance, if you are reimbursed a monetary figure to cover your damages, the excess is usually deducted from this figure.

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Sum Insured Home Contents Calculator

This handy calculator helps estimate the replacement cost of your home contents using information supplied by Sum Insured Pty Ltd

Get the facts on home & contents insurance

Get the facts on home & contents insurance

What is Home and Contents Insurance?

What is contents insurance?

Are there different types of contents insurance?

What is Contents Insurance for renters?

Frequently asked questions

How much is home and contents insurance?

What is landlord insurance vs home insurance?

What is home and contents insurance?

What can be covered by contents insurance?

How does contents insurance work?

What is renters insurance?

What is home and contents insurance ‘excess’?

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