Table of Content
FYI, storm damage is one of our most common claims, so this is a biggie. If it results from fixtures and fittings attached to the insured address and that you are legally responsible for under a rental agreement. Up to $25,000 for damage to, or loss of, the contents of your home caused by fire or break-ins.
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Will Home Insurance cover keep up with rising costs?
Up to $20 million legal liability cover can help you take care of legal and other costs if a visitor suffers injury, death or property damage at your home. You’ll be able to get cover for damage to your property, public and products liability, theft, damage to glass, and more. You can also get Back in Business cover, which can help to compensate for a reduction to your business revenue following an insured event. A home building calculator and contents calculator can help you choose the right figure. Covers you for physical loss or damage to your property (ie. your business contents, stock or specified items at the premises) from insured events such as fire, lightning and explosion. This Optional Cover gives you peace of mind that if your building is damaged or destroyed by an insured event, we'll repair or rebuild your house as it was, or pay you the amount of the assessed quote to repair or rebuild it.
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What can AAMI Home and Contents Insurance cover?
Sometimes this is not always possible or practical (for example, if there is pre-existing damage to your contents item) and this will determine how your contents claim will be settled. Information provided is general advice only and has been prepared without taking into account any person's particular objectives, financial situation or needs. Read the relevant Product Disclosure Statement or Policy Document available at and consider whether it's appropriate for you before making any decisions about whether to buy or continue to hold a product.
Up to 10% of the building sum insured and the longest period that can be claimed for is 52 weeks, for unit owners if their unit is damaged and their tenant can't live in it as a result of an incident covered by the policy. You specify a sum insured on your policy, which should reflect how much it’d cost to rebuild your house. If the house is damaged in an insured event, this amount is the maximum we’ll pay to rebuild or repair it. These are the events that you can make a claim for, if they cause loss or damage to your home or contents . There are limits, conditions and exclusions which apply, so check out the policy documents to make sure you’re up to speed.
Estimate how much you’d need to rebuild your home from scratch.
Your sum insured may not automatically increase year-on-year. If you’re worried about rising building costs leaving you underinsured, consider taking each annual policy renewal as an opportunity to review your sum insured. Revisiting the home building and contents calculators before you renew may give you an idea of whether your sum insured remains sufficient. Home & Contents covers a range of insured events, such as fire, theft or attempted theft, storms, flood and lightning.
It can provide cover for up to 10 buildings on the same block. And nominate its value your phone will be covered up to that amount for accidental loss or damage anywhere in Australia or New Zealand. You’ll have cover, for up to $20 million, for your legal liability if a third party is injured or has their property damaged in an incident at your house. If you accidentally drop, knock, spill or otherwise damage something at home, this optional cover can help. It can apply to your house itself, your contents, or both, depending on your policy. Public Liability offers cover for your costs if you are found to be legally responsible for personal injury to a third party, or damage to their property.
Contents sum insured calculator
Up to $20 million cover for your legal liability for an incident at your rental property connected to you owning the property. Covers you for the cost of compensation if your business is responsible for personal injury or property damage. Offers up to $20 million cover for your legal liability caused by an incident at your home address, if that incident is connected to you owning or living at that property. Covers loss of, and damage to, buildings, if caused by an insured event such as fire, break-ins and weather events .
You don't need to specify how much it would cost to rebuild your home. This calculator has some questions included that you may not find in other calculators, which will impact the estimate that is calculated. Underinsurance may lead to financial loss and hardship if an unexpected accident happens – Here’s what you can do to avoid it. AAMI offers a few different Home Insurance options, making it easy to find one that suits your home. 'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others.
Compulsory Third Party Insurance and Motor Accident Injuries Insurance policies are not eligible for a discount, but will count as an eligible first policy, enabling you to receive the discount on a second eligible policy. You have 21 days from when your policy begins to change your mind. If you choose to return your policy within this period and haven’t made a claim, you can get a full refund . If you've taken out a home loan to purchase your property, your provider may insist on adequate home insurance as a condition of the loan. If you're in this situation, you should check any requirements with your lender. Both AAMI Home Insurance and AAMI Contents Insurance — and, of course, our great value combined Home and Contents Insurance — include cover for damage caused by floods.
Unless you take out extra cover for these sorts of items, they won’t be covered by your policy if they're lost or damaged while outside of your home. We suggest insuring your contents for the amount you think it will cost to repair or replace them, in case you ever need to. The amount you choose is known as your sum insured and, once you've taken out your policy, it will be listed on your certificate of insurance. This calculator can help you work out the estimated rebuild cost of your home to help you choose your sum insured.
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product. If you own a property that shares walls or property, such as an apartment or townhouse, you can consider Strata Insurance. Strata Insurance provides cover for damage caused by insured events to buildings with shared property, as well as shared areas like driveways and stairways.
Whether it’s a shower screen, window, fixed mirror or skylight, it can be expensive and time consuming to sort out. Offers cover for contents shared between multiples strata properties, such as washing machines, gardening equipment and shared gym equipment that doesn't belong to a unit owner or tenant, covered up to a chosen Sum Insured. The more info you can enter into the calculator, and the more accurate that info is, the more accurate your estimate will be. Building and material costs can fluctuate, and there are unique features of every home that can influence how much it will cost to rebuild.
How much Home Insurance cover do I need?
If you own the property from which your business operates, you can consider an AAMI Business Insurance package. We offer a range of customisable options that let you put together a policy that suits the needs of your business. This provides cover for loss of, or damage to, glass windows, signs and showcases at your business premises. If you’re a property owner and you lease your commercial premises to businesses, we can help you stay covered. Extra cover to protect you against the costs of unpaid rent, theft or malicious damage by your tenant and their guests.
Only those contents which are owned by the landlord but kept within the property are covered. Covers you for the loss of your business contents and stock from theft, attempted theft, armed hold up or an actual/threatened assault. AAMI Home Assist can offer you help from a plumber, electrician, locksmith or carpenter in the event of a home emergency. So if you’ve had AAMI Home Assist on your policy for 24 hours or more and you come home to something unexpected like a burst pipe or blown fuse, we can help get it sorted ASAP.
