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For example, some policies include flood cover as standard, but most only offer it as an add-on (and it won’t always be available depending on your home address). As a landlord, you can getlandlords insuranceto help cover damage to your rental properties, defaults (i.e. your renters can’t pay their rent), liability costs and more. Buying a house may be one of the biggest investments you make in your life, so it makes sense to protect it accordingly. Storms, bushfires and accidents are all too common across the country, and such a calamity might mean thousands of dollars in repair, replacement or rebuilding costs.
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.
Why take out home & contents insurance?
For more information on the issuer of the policy, please read the Product Disclosure Statement. The Home Insurance Star Ratings were awarded in September 2022 and data in the table is current as at that date, updated from time to time to reflect product changes notified to us by product issuers. The results don’t include every provider in the market and we may not compare all features relevant to you. The initial table display is sorted by Star Ratings, then alphabetically by brand. You can use the sort buttons at the top of each column to re-order the display.
Get all the information you need to compare, choose and apply for the right car insurance policy for you. We do not compare all products in the market and at times not all brands may be available. To send money overseas, you can use an international money transfer; an online provider who will send funds from your account to another. Compare a broad range of business insurance products that protect your interests. Companies listed in the table, or in ads, may use or be used by another company to arrange, issue, distribute or sell its insurance policies to customers.
Accidental damage insurance
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.
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.
Is my sporting equipment covered by contents insurance?
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.
To give you a rough idea of cost, Canstar has calculated the average annual premiums for different types of cover across the different states of Australia. This content was reviewed by our Deputy Editor Sean Calleryand Sub Editor Tom Letts before it was published as part of our fact-checking process. You can also read more about Canstar’s editorial team. Nina has ghostwritten dozens of opinion pieces for publications including The Australian and has been interviewed on finance topics by the Herald Sun and the Sydney Morning Herald. When she’s not dreaming up ways to put a fresh spin on finance, she’s taking her own advice by trying to pay her house off as quickly as possible and raising two money-savvy kids.
Canstar’s Research team rates policies based on different locations and sums insured. This means you can see how a policy might perform in a situation like yours. Protect your house or apartment and belongings with cover for theft, fire, earthquakes, floods, and storms. Read our guide to finding the right home and contents insurance.
Checked for accuracy by our qualified fact-checkers and verifiers. Sort, compare and filter to find the right product to match your needs. Based on intensive lab testing across 200+ product and service categories. Cover for fire is designed to take care of these kinds of claims. We make comparing energy for different states simples! Learn more about how to protect your home with insurance.
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.
This type of policy usually insures your home to a predetermined amount, or the “sum insured”. Before you take out cover, you will need to calculate the costs required to rebuild your home following an accident or disaster. Insurance cover for bicycles Bicycle insurance typically isn't in standard home and contents plans but can is an add-on benefit.
Otherwise, you riskundervaluingyour belongings and your home, which means you won’t receive enough money to repair or replace them. Even when you take out a comprehensive home and contents policy, certain events might still not be covered. Another provider might have higher limits on insurance claims that could provide better coverage. We do not compare all brands in the market, or all products offered by all brands. At times certain brands or products may not be available or offered to you.
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