Home and contents insurance covers the structure of your property and your valuables inside it.
Home insurance will cover the cost to rebuild or repair your home (up to your sum insured) in the event of malicious damage, explosion, impact (e.g. a car hits or tree falls on your home), rainwater and wind damage, fire, theft, storm, or other natural disasters, and more (depending on defined events in your policy). As well as covering your home, home insurance will also cover other built structures around your home like sheds, garages, fences, and even in-ground pools.
Contents insurance includes cover for personal possessions and household items and furnishings that are damaged, lost, stolen, or destroyed in your home. This will usually cover white goods, furniture, TVs, computers & laptops, gaming consoles, electrical appliances, cookware and utensils, curtains, clothing, jewellery, sporting and garden equipment, and toys.
Contents insurance only covers possessions that belong to you and family members who live with you - not for visitor’s items, unless this is listed on the policy. It also doesn’t cover portable items that you carry around with you daily (e.g. wedding rings, mobile phones), you will need additional personal effects cover to insure these items against being stolen, lost, or damaged outside of home.
Refer to your policy documents for terms and conditions, and to make sure the value of your home and your most valued belongings are included in your home and contents insurance; if they aren’t covered, compare home and contents insurance policies today.