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Home & Contents Insurance


5 Ways To Save On Your Home & Contents Insurance While Ensuring Great Cover!

Currently shopping for Home & Contents insurance? You could save hundreds with outstanding value for your Home and Contents, Home Building and Contents insurance. When searching for value for money policies consider the following to ensure you have appropriate cover.

Does your insurance have broad policy inclusions?

Consider the following inclusions and check to see what is covered in your policy;

  • Up to $20 million legal liability cover – provides protection for you against the financial risk of being found liable to a third party for death or injury and / or loss or damage to property.
  • Contents in open air – a large differentiator between policies is the level of cover for contents that are damaged or stolen when left outside.
  • Temporary accommodation costs – If disaster strikes such as flood or fire there can be great demand on accommodation that can amount to thousands.
  • Contents temporarily removed from the insured address – covers loss or damage as a result of an insured event and limits often apply.
  • Debris removal – can cost thousands and is often overlooked when buying insurance.
  • 24-hour claim service - this service is there to provide customers with speedy and efficient claim resolutions.

Hints on how to determine the right cover and avoid under-insurance:

  • When it comes to contents insurance make sure that you are appropriately covered. To determine appropriate cover, create a document listing your larger household items including an image, description containing the model number and purchase price.
  • Contents policies usually set a limit for valuable items. Determine your household items that are above your policy limits and provide these to your insurer separately to ensure you are adequately covered.
  • When insuring your home, the incremental cost to the premium could significantly outweigh the rebuild cost of your home in the event of a claim. Ensure that your home rebuild costs are accurate. Consider the last time you reviewed your rebuild costs; are they up-to-date with current market prices? Have you made any additions or renovations that could alter your home value?

How to save extra on your premium:

  1. Consider increasing your excess to lower your premium – most smart insurers offer this option.
  2. Buy online to receive the highest level of insurance discount. Buying online cuts out the additional costs of insurers having a high amount of staff in call centres and most insurers pass this saving onto you.
  3. Protecting your home with anti-theft measures can reduce your contents premium; including security alarms, deadlocks or smoke alarms,  installing security screens on all doors and windows and home alarm monitoring. Check with your insurer to see if they evaluate home anti-theft measures when determining your premium.
  4. Most insurers offer higher discounts for combining Home & Contents insurance. If you own your own property, consider a combined Home & Contents policy.
  5. More commonly insurers offer flexibility with providing optional extras. This allows consumers to tailor their insurance needs without having to pay for cover that they might not necessarily require. Check to see what the standard inclusions are and what the optional extras are included in your policy.