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If you've got a few especially valuable items, like jewellery or artworks, you can specify them on your policy to ensure they're covered up to their full value. Understanding the difference between fixtures and fittings can make life easier when figuring out your home insurance policy. All product information displayed on this website is subject to policy terms and conditions . By providing general information about your home the calculator will provide an estimated contents value and summary that you can further edit for a more accurate result if you wish. 'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
That's a rush of water pushed from the sea onto the land caused by very strong winds. The loss or damage caused by storm surge must happen at the same time as other insured damage caused by storm. If an insured event causes food or medicine to spoil—for example, if a storm knocks out power to your fridge—we’ll cover the cost, up to $400. Covers loss of and damage to your home, garage, shed and their household contents, caused by fire, break-ins and weather events. You can get a Home and Contents Insurance quote online, quickly and easily. If you’re partway through your policy period, you can adjust your sum insured online.
Insured Events
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.
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 .
Contents Insurance
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.
Covers loss of, or damage to, the things in your home, garage and/or shed after an insured event. You can also add Portable Valuables Cover for items you often take outside the home, such as a laptop computer. Mozo’s Editorial Star Ratings are a score out of 5 stars arrived at by the author of the review after careful consideration of a product’s rates, fees and features when compared with other products that offer similar features. Sum Insured Pty Ltd, Australia’s leading provider of building contents cost information.
What is Home and Contents Insurance?
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.
Accurately estimating your sum insured is important, but it’s not a guarantee that you’ll be totally covered if you need to rebuild. Spikes in material costs or unexpected events can increase building costs. Mozo provides factual information in relation to financial products.
Please read the relevant Product Disclosure Statement before you make any decision regarding this product. Having a sum insured that isn’t quite enough to cover the cost of rebuilding your home means you may be out of pocket if you ever need to rebuild. You would either have to settle for building a home that doesn’t have the same features or quality as your previous home, or spend additional money of your own on top of what we pay you to cover the gap. Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge.
Legal liability on contents covers your liability to pay compensation for an incident which causes death or bodily injury to other people, if it occurs anywhere in Australia or New Zealand. If you’re worried about underinsurance, you could consider Complete Replacement Cover. Taking out this optional cover means we’ll pay you what it costs to rebuild your home, or pay you the amount of the assessed quote to repair or rebuild it, without you having to set a specific sum insured.
You can easily change the sort order of the products displayed on the page. Other benefitsBuy an eligible Home or Car Insurance policy and save 20% off your 2nd eligible policy online. These may not be likely, depending on where you live, but you'll be covered just in case. For a full definition of ‘new for old’ and for how we settle contents claims, refer to the PDS. Eligible policies include AAMI Motor and Home Insurance policies purchased between 12th July 2019 and 9th September 2019.
Buildings covered include your home, along with garages and sheds. This suggested sum insured for your home contents is an indication only and in no way guarantees this as being the amount we may need to insure your home contents for. It is your responsibility to check that this amount is enough to cover the replacement cost of your home contents at today's prices. We cover the loss or damage caused by an explosion but we don’t cover the cost of replacing or repairing the tank or container that exploded.
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