For most Australians the family home is the largest asset they’ll ever own. This means it’s essential to protect it now with the right insurance cover. After all, no one wants to discover they’re inadequately insured when it’s too late.
Home insurance covers material damage to your house from events such as fire, lightning, explosion/implosion, destruction or damage caused by aerial devices, as well natural events like earthquakes, storms, cyclones, floods, storms, rainwater, wind, hail, snow and bushfires.
It’s also important to ensure your policy wording includes cover for ‘accidental loss and damage’ as some insurers only cover accidental damage without covering accidental loss, which can exclude many losses such as lost jewellery.
Some of the key things to consider when taking out Home Insurance include:
Building Sum Insured:
Contents Sum Insured: