Home and Contents Insurance Northern Territory

In the NT, like other parts of northern Australia, cyclone risk drives up insurance premiums significantly. And within the NT, the Top End has higher premiums than Central Australia because of its higher cyclone risk.

This one’s pretty straightforward (but don’t ask us to do the maths). The more comprehensive your coverage and the more extras you choose, the more it will likely cost. Similarly, the more expensive your home and contents are, the more likely they’ll cost to insure.

If you’ve made previous claims on your Home and Contents Insurance, that can indicate to insurers that your property is at higher risk of damage. Unfortunately, that can potentially mean you pay higher premiums.

An older house could be more expensive to repair, which can mean higher premiums. After cyclone Tracy in 1974, NT building codes were changed to make houses more cyclone safe. So if your house was built before 1975, it’s worth checking how this might affect your premiums.

If you’re in an area that’s prone to flooding and your policy doesn’t include Flood Cover, you might want to add it. It’s worth knowing that Flood Cover might not include every type of flooding. For example, damage caused by rainwater or a burst pipe might be covered by standard cover instead.

Personal effects are things you routinely take outside the house, like jewellery. You can get Personal Effects Cover for specific belongings or for unspecified ones, up to a certain limit.

Got a dog who likes to sprint into the furniture? Want to be covered in case they ever knock over the TV or that priceless vase? Enter Accidental Damage Cover. You won’t usually find this type of damage covered in standard Home and Contents Policies, but it’s sometimes available as an extra.

Do you worry that a precious appliance might get damaged during a power surge? Good news. If that happens, Motor Burnout Cover is specifically designed to help you replace it.