Building insurance

Average customer rating: 4.3/5
Written by Kenneth Young
Reviewed by Adrian Taylor
Updated March 8, 2024

Kochie’s top tips for protecting your most important asset

Find out what you need to know about the different types of building insurance and how they could cover your home.

David Koch
Economic Director

Tips for navigating building insurance from our home insurance expert

Compare the Market’s home insurance expert, Adrian Taylor, has some building insurance tips for you to consider.

Adrian Taylor
Executive General Manager – General Insurance

Include the replacement cost of all outbuildings

Your house isn’t the only thing your building insurance covers. When setting the sum insured of your policy, consider how much it would cost to repair or replace all outbuildings on your property, including sheds, garages and other structures, to ensure you’re fully covered.

Tell your insurer when you’re renovating

Your insurer might require you to notify them when you’re renovating as it could be a condition of your cover. If you fail to do so, any damage to your building caused during renovations might be denied or only partially covered.

Read the PDS before you purchase cover

There are limits, exclusions and conditions of cover that will apply to every policy. Always read the Product Disclosure Statement (PDS) for a full list of inclusions and make sure that these meet your needs before you purchase cover.

The basics

What is building insurance?

What does building insurance cover?

Why should I get building insurance?

Do I need building insurance for a strata unit?

Premiums and coverage

How much does building insurance cost?

What does sum insured mean?

Additional cover

How do I insure my building’s contents?

What optional extras can I get through building insurance?

Meet our home and contents expert, Adrian Taylor

Adrian Taylor
Executive General Manager – General Insurance

As the Executive General Manager of General Insurance at Compare the Market, Adrian Taylor works to make it easier for homeowners, renters and landlords to protect their home and contents. He believes it’s important for all residents (whether they rent, own or lease) to have adequate financial cover for their property and belongings in case the worse should happen.