Home and contents insurance explained

Average customer rating: 4.3/5
Written by Kenneth Young
Reviewed by Adrian Taylor
Updated March 21, 2024

Tips for taking out home and contents insurance from our expert, Adrian Taylor

Our home and contents insurance expert, Adrian Taylor, has some tips for homeowners looking for home and contents insurance.

Adrian Taylor
Executive General Manager – General Insurance

Understand what features are standard vs optional cover

Look for what benefits insurers include as standard features and what can be purchased as optional cover. You’ll find that this will vary depending on the provider, so it’s worth reading the Product Disclosure Statement (PDS) to see what’s included.

Increasing your excess may lower your premium

When comparing policies, try adjusting the excess amount to see if it affects the premium. Opting for a higher excess can be a way to lower your premium. Just keep in mind that you may have to pay more out of pocket when you claim.

Don’t wait until renewal to save

You can cancel your policy and switch to a new one at any time. Just make sure you’ve read your PDS so you’re aware of any cancellation fees that may apply. Your current provider may also provide a pro-rata refund for any premiums you’ve paid in advance. However, terms and conditions may apply.

Home and contents insurance explained

What does home insurance cover?

What about cover for landlords and renters?

What does contents insurance cover?

Combining home and contents insurance

Why get home and contents insurance?

How much home and contents cover do you need?

Update your insurance when things change

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.