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Buy any* health, car or home and contents insurance policy and you could win one of three bill-busting prizes worth $20,000!

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* Excluding overseas visitors cover and roadside assist. T&C’s apply. Offer ends 31 October 2020. Max 1 entry per household/policy & hold policy for min. 30 days. NSW Authority No. TP/00214, ACT Permit No. TP 20/01093.1, SA Permit No. T20/968
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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. Learn more.

Why take out home & contents insurance?

Home insurance protects homeowners, landlords, and tenants against property damage, loss or destruction. Policies cover events including fire, theft, and natural disasters (e.g. floods).

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.

A contents insurance policy (sometimes called ‘renters insurance’) safeguards you against the loss of, or damage to, your belongings. It’s a crucial purchase for anyone who cares about their personal effects.

Want to safeguard your home and contents? We’ve got your back.

Compare in minutes

You don’t have to visit multiple websites. Just this one. In five minutes, you can get a range of quotes from some of Australia’s best home and contents brands. Learn more.

Explore your options

Our comparison tool lets you easily refine your quote, making sure you find the policies that have the right features, at the right price

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Got questions about your premium, policy features, or extras? We’ll answer them here, or direct you to a trusted partner who can help.

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Learn more about home and contents insurance

Home insurance

A home insurance policy covers the walls and roof of your house, but not your belongings.

Contents insurance

Contents insurance covers items inside & outside your home for loss or damage from theft & fire.

Landlord insurance

This type of policy gives investors financial protection from damage and costly repairs.

Renters insurance

‘Renters insurance’ is another name for contents insurance. It covers your belongings while you are a tenant.

Factors that affect home & contents premiums

Your insurer will consider factors such as the estimate value of your home and contents, median suburb price, and home security when working out your monthly premium.

Accidental damage vs. defined events

A ‘defined events’ policy lists the risks that your property is insured for and excludes everything else, while ‘accidental damage’ is an additional policy benefit.

Exclusions & restrictions to look out for

When you take out a comprehensive home and contents policy, certain events might still not be covered. These are called ‘policy exclusions’.

Personal effects

Personal effects cover protects your belongings (e.g. phones and jewellery) against loss, theft or damage when you are away from your home.

Motor burnout

‘Motor burnout’ is a policy feature covering events such as the unexpected breakdown of the motor in your fridge, washing machine or dishwasher.

Accidental damage insurance

‘Accident insurance’ gives you financial protection for unforeseen accidents in and outside of your home that results in damage.

Fire insurance

Australians are no strangers to the threat of property fires. Fire insurance is designed to take care of fire claims.

Flood insurance

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.

Storm damage

Your policy outlines several storm-related events that might affect your property, such as hail, water runoff, and land gales. These comprise ‘storm damage’.

Frequently asked questions

What’s included in home and contents insurance?

Home and contents insurance pays out a sum of money if your building or possessions are damaged, destroyed or compromised. This can include storms, fires, floods, burglaries and vandalism, but might exclude damage from vermin or movements of the sea.

We’ve put together a quick glance guide to show you what is typically covered by home insurance (also known as building insurance), contents insurance, or combined home and contents policies.

What is & isn’t covered?Home insuranceContents insurance Home & contents insurance
Storm damageYesYesYes
Fire damageYes, excluding damage from cigarette smoking, scorching or meltingYes, excluding damage from cigarette smoking, scorching or meltingYes, excluding damage from cigarette smoking, scorching or melting
Flood damageYes, but may be an optional extraYes, but may be an optional extraYes, but may be an optional extra
EarthquakeYesYesYes
Movement of the seaNoNoNo
VandalismYesYesYes
TheftYes, damage from burglary is coveredYesYes
Impact damageYes, but deliberate damage is not coveredYes, but deliberate damage is not coveredYes, but deliberate damage is not covered
Falling treesYes, excluding damage from tree loppingYes, excluding damage from tree loppingYes, excluding damage from tree lopping
Motor burnoutYes, but may be an optional extraYes, but may be an optional extraYes, but may be an optional extra
Damage from verminNo. This also includes damage from other animals including rodents and insectsNo. This also includes damage from other animals including rodents and insectsNo. This also includes damage from other animals including rodents and insects
War and uprisingNoNoNo
Accidental damage to glass and ceramicsYes, but may be an optional extraYes, but may be an optional extraYes, but may be an optional extra
Loss of liquidYes, but doesn’t cover repair or replacement to the item that leaked (such as a burst pipe)Yes, but doesn’t cover repair or replacement to the item that leaked (such as a burst pipe)Yes, but doesn’t cover repair or replacement to the item that leaked (such as a burst pipe)
Removing debrisYesYesYes
Damage from renovationsNoNoNo
Temporary accommodationYes, if the home is uninhabitable while being repaired after an eventNoYes, if the home is uninhabitable while being repaired after an event
N.B. Some events such as flood damage may be an optional extra or a separate policy you can purchase alongside building and contents insurance. Limits and additional exclusions may apply.

When using Compare the Market’s free home and contents insurance comparison service, you’ll see what’s listed under each specific policy when comparing results. You should always read the Product Disclosure Statement (PDS) of any insurance policy you’re considering purchasing before you buy so you know exactly what you are and aren’t covered for.

Do I need home and contents insurance?

If you’re looking to protect your belongings and home from a range of potential dangers, home and contents insurance can provide the cover you’re after. This type of insurance can help you and your family get back on your feet and minimise any costs involved. Comparing home and contents insurance with Compare the Market’s free home and contents insurance comparison tool can help you look for a policy that has the coverage you’re looking for.

What is the best home and contents insurance policy?

As everyone’s needs are different, there is no single best home and contents insurance policy. That’s why shopping around and comparing policies to find one that adequately covers your needs is important.

You can start your home and contents insurance journey by comparing policies for free with Compare the Market, to help you find the cover you need.

Here are some key points to consider when looking for home and contents cover:

  • Are you in a flood-prone area? It’s essential to see if flood cover is included in the PDS of a policy before you make a purchase.
  • Do you live in an apartment? If you’ve bought an apartment, strata insurance covers the building, but not your belongings. You will also have to take out contents insurance.
  • Own valuable belongings? Some items like jewellery, heirlooms and expensive gadgets may be worth more than what you’ll receive if they’re damaged or stolen and you submit a claim without having specified their value. If you specify the value of each item in your policy then these more expensive items will be covered for what they’re worth (at additional cost to premiums).
  • Do you need insurance if you’re renting? While building insurance isn’t your responsibility as a tenant, getting contents insurance (also known as renters insurance) is a step you can take to help protect your belongings.
  • As a landlord, how do I protect my investment? As a landlord, you can get landlords insurance to help cover damage to your rental properties, defaults (i.e. your renters can’t pay their rent), liability costs, and more.
  • Could you be underinsured? It’s important you provide your insurer with accurate values for your home and belongings. Otherwise, you risk undervaluing your belongings and your home, which means you won’t receive enough money to repair or replace them (in the event of a claim).

Need help finding the right cover?

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