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Home and Contents Insurance WA
Home and Contents Insurance WA
Written by
Liv Steigrad
Edited by
David RayfieldCompare home and contents insurance the easy way
Save time and effort by comparing a range of home and contents insurance policies with iSelect
What’s Western Australia’s average Home and Contents Insurance premium?
Fun fact: if Western Australia were a country, it would be the 10th largest in the world. It’s three times the size of Texas and you could fit approximately 10 United Kingdoms inside it. So not surprisingly, it comes with a mix of climates. Tropical, dry, and even some mild Mediterranean types of weather cover the expanse of Western Australia. This type of environment means a variety of hazards and risks, which impact the average Home and Contents Insurance premiums.
It’s also important to keep in mind that WA occupies 32.9% of Australian land1Australian Government Geoscience Australia – Area of Australia – States and Territories and as a result, those risks can change based on your location.
What are the benefits of Home and Contents Insurance?
Western Australia is so big with so many different types of climates, there can be several dangerous weather events happening at the same time. For example, in February 2021, three natural disasters occurred simultaneously. The Gascoyne floods, bushfires in Wooroloo and Perth Hills, followed by the severe tropical cyclone Seroja. In the first few months of 2023 alone, Western Australia saw multiple disastrous storms and flooding, as well as tropical cyclone Ilsa.
That’s a lot of unforeseen events. Given WA’s history of extreme weather events, a level of home and contents insurance might give local homeowners and renters some peace of mind.
The direct benefits of Home and Contents Insurance is to cover yourself for all different types of weather damage. Helping you with some of the cost of your home and possessions can be the difference between an extreme weather event being an unfortunate but recoverable period for you and a potentially life-changing disaster.
Home and Contents Insurance can also help homeowners who, due to damage caused by an insured event, need to make repairs to their home or in the worst case scenario, rebuild it.
What does Home Insurance cover in WA?
Home Insurance, also sometimes called House Insurance or Building Insurance, is designed to help cover the cost of rebuilding or repairing the structural parts of a property if they get damaged by an insured event.
This can include:
- Bricks and mortar rebuilds or repairs
- Roofs
- Sheds
- Garages
- Other structural repairs
You can normally claim on your Home Insurance when the damage comes from an event that’s out of your control, like storms, lightning, bushfires, and floods.
What does Contents Insurance cover?
Given Home Insurance covers the ‘home’ part, it makes sense that Contents Insurance covers the items within the home.
This could include things like:
- Jewellery
- Clothes
- Appliances
- Electronics
- Furniture
Contents Insurance protects your items from a range of natural disasters, but it can also cover you for theft, accidental damage, and electrical surges, though some policies might need you to select these options and they may come at an additional cost.
As always, make sure you review the Product Disclosure Statement (PDS) to fully understand exactly what is and isn’t covered in your policy.
What factors can affect the cost of Home and Contents Insurance in WA?
The cost of different Home and Contents Insurance products can vary based on a large number of factors, including:
| Your chosen level of cover | The risk factors of the area you live in |
| Your claims history | The market value of your home |
| Whether you’re covering home, contents, or both | The value of your possessions |
| The level of security in your home | |
Other variables that might impact your premium (which then might impact your cost) include your age, the materials used to build your home, and how the home is used.
With all the factors taken into consideration, it’s extra important to shop around and find the best policy for your unique circumstances.
Have you considered Landlord Insurance?
By now, we can all agree that insuring your own home and contents makes sense. But if you own an investment property, your tenants might not take as much care with your property as you would. Hoping for the best is fine, but hoping for the best and planning for the worst is better. So whether your house is in Perth, Fremantle or Broome, Landlord Insurance might just be your ticket to more peace of mind.
Landlord Insurance can help cover:
- Damage to your property and/or its permanent fittings and fixtures caused by tenants and their guests
- Loss of rent as a result of a tenant defaulting on rental payments
- Legal expenses due to a tenant dispute
- Damage from natural risks i.e. fire, flood or explosion
- Theft or burglary due to tenants or their guests
- Potential loss of rent due to repairs from events causing the property to become uninhabitable
It’s important to note that not all Landlord Insurance policies are the same and it’s a good idea to understand it further to make an informed decision. Find out more about Landlord Insurance or give us a call on 13 19 20 to speak with our team.
How to compare Home and Contents Insurance in WA
Never underestimate the benefits of doing proper research! Comparing policies and providers is the best way to make sure you find the best deal on your Home and Contents Insurance.
Make sure you compare policy features, optional extras, limitations, exclusions, and price. Some other good questions to ask yourself are:
- How much would it cost to repair or rebuild your home in the event of a fire or storm?
- What is the total value of your home contents?
To make finding your Home and Contents Insurance easier, start by comparing from a range of policies and providers with iSelect.
Get started on comparing home and contents today!
Save time and effort by comparing a range of home and contents insurance policies with iSelect
iSelect does not compare all home and contents insurers or policies in the market. The availability of policies may change from time to time. Not all policies 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. Some policies are only available from iSelect’s call centre or website. A number of our participating general insurance brands are arranged by Auto & General Services Pty Ltd ACN 003 617 909 on behalf of Auto & General Insurance Company Limited 111 586 353, both of which are related entities of iSelect Limited. Our relationship with those companies does not impact the integrity of our comparison service. Click here to view iSelect’s range of providers.
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