GUIDES & RESOURCES

Home and Contents Insurance QLD

Northern Queensland is more susceptible to intense weather threats such as flooding and tropical cyclones than then rest of Australia. Learn more about finding great value home and contents insurance in QLD.
home & contents queensland

*iSelect does not compare to all home and contents insurers in the market. The availability of policies may change from time to time. Not all policies made available from iSelect’s providers are compared by iSelect and due to commercial arrangements, area or availability, not all policies compared by iSelect will be available to all customers. See below for our range of home and contents insurers. Some policies are only available from iSelect’s call centre or online. Our advice on this website is of general nature and does not consider your situation or needs. Consider if any advice is appropriate for you before acting on it.  Learn more.

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What’s Queensland’s average Home and Contents Insurance premium?

Living in an enviable tropical state can have its downsides, and regardless of whether you’re living in Brisbane, Townsville, Cairns or elsewhere in the state, as a homeowner you may want to consider how to protect your home from extreme weather events. So how can you buck the average and protect your home from nature’s unfortunate blows?

What are the benefits of having Home and Contents Insurance?

Unfortunately, living in the sunshine state doesn’t always result in sunshine 24/7. When searching for a suitable policy, it may be important to consider where you live and its risks.

For example, in recent years, Queensland has been battered by a Cyclone, the 2018 Central Queensland Bushfires, and the 2021 Eastern Australian Floods. 1 Because of these kinds of extreme weather events, it makes sense that Queensland homeowners and renters might want to consider a level of home and contents insurance that can not only protect their home and dearest possessions but will also provide peace of mind.

What’s Queensland’s average Home and Contents Insurance premium?

With the possibility of bushfires, flooding, storm surges and cyclones, there are a variety of risks to consider when living in Queensland. That said, it’s important to note that Queensland is a big state and risk can change based on your location.

Brisbane Home and Contents Risks:

The City of Brisbane is built on a floodplain meaning it’s more prone to flooding. 2 Although, the Brisbane City Council has made moves to build future properties with this in mind, (specifically, after the January 2011 flood) they also suggest that future flooding is inevitable. 2 As a result, Brisbane homeowners and renters may consider this when comparing Home and Contents Insurance.

North Queensland Home and Contents Risks:

The risks in North Queensland can be far worse than the risks in Brisbane. As well as flooding, tropical cyclones happen frequently and are expected to become more intense over time.3 Consequently, homeowners and renters in North Queensland in cities such as Cairns and Townsville may consider these factors when choosing their Home and Contents Insurance.

What is Home and Contents Insurance?

Now, we know what you’re thinking, Home and Contents Insurance sounds very beneficial… but I don’t really get exactly what it is? And what the difference is between Home and Contents Insurance, Home Insurance, and Contents Insurance?

Home and Contents Insurance combines the features of both Home Insurance and Contents Insurance into a single policy.

This type of coverage may help homeowners to:
• Rebuild or repair their home and/or
• Replace the contents inside that property as a result of an insured event such as storms, lightning, fire and vandalism.*

What does Home Insurance cover?

Home Insurance (sometimes referred to as house insurance or building insurance) generally helps cover the cost of repairing or rebuilding the physical structure of your property.

This can include:
• Brick and mortar rebuild or repairs.
• Structural repairs such as roofs, sheds, and garages on the insured property.

Insurance for your house protects your home from damage that is out of your control and may protect your home in the event of natural disasters such as storms, lightning, bushfires, and floods.*

What does Contents Insurance cover?

The Contents Insurance portion of the combined covers possessions within the home (building), as opposed to the actual building itself.

Possessions could include but are not limited to:

Jewellery
• Clothes
• Whitegoods, electronics, and appliances
• Furniture

These possessions are often covered from a range of natural disasters, but can also be covered from theft, accidental damage, and electrical surges (note: some policies may require you to elect these options and it may come at an added cost).

It’s important to review the insurers Product Disclosure Statement to understand exactly what’s covered and what’s excluded.
Check out the link here to find out more about contents insurance.

What factors can affect the cost of Home and Contents Insurance in QLD?

The cost of Home and Contents Insurance can depend on many factors, such as your chosen level of cover, your claims history, whether you're just covering home, contents, or both, and the area that you live in.

In Queensland, your Home and Contents Insurance can differ in cost depending on the market value of your home and the value of your possessions. There are many variables considered when calculating your premium, and this could also impact your cost. These variables can include your age, the materials used to build your home, how the home is used and of course, the location.

In short, if you live in an area that’s regularly exposed to extreme weather events, then you could pay a higher premium. But as we mentioned, a range of factors are taken into account, which is why it’s important to compare policies from a range of insurers.

QLD, have you considered Landlord Insurance?

Landlord insurance may provide peace of mind when it comes to your property and its possessions. We all want to assume the best in people, especially our highly vetted tenants! Yet we know that assuming the best doesn’t always provide the best safety new. Landlord Insurance could help cover you from a range of events so it’s important to investigate your options. For more info on Landlord Insurance click here.

How to compare Home & Contents Insurance in Queensland

Research, research, research!
Comparing policies and providers is one of the best ways of ensuring you find a great deal on your Home and Contents Insurance. Comparing policy features, including optional extras, as well as limitations, exclusions, and price gives you the confidence that you’re making an informed decision.
Some factors you could consider when comparing are:
• How much it would cost to repair or re-build your home in the event of a fire or storm
• What the total value of your home contents adds up to

To find your homes Home and Contents Insurance match start by comparing from a range of policies and providers with iSelect.

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