Home and contents insurance is an essential form of protection for homeowners as crucial if you’re renting. It’s a package of covers that includes buildings, contents, valuables and sporting equipment.
Home and contents insurance provides cover against fire, storm damage, lightning, burglary, etc., and damage to your contents and personal valuables. Homes are the most important and valuable asset for people, and without insurance coverage, you could have to find the money to pay for major repairs.
You can also pay an additional premium to cover accidental damage to the home, burnout of motors, high-value jewellery or artwork or valuables and sports gear used away from your home.
If you have a mortgage, you’ll also be required by the bank or lender to provide a copy of your insurance policy, listing them as the financier.
Before you purchase insurance, we recommend checking:
- Cover type – is it a standard cover (listed events) or accidental damage cover;
- A free online rebuilding cost calculator of your home replacement value, as well as your contents, to ensure there is no under-insurance;
- Will the home be your primary residence or a holiday home;
- How much cover is there for jewellery, art or sports gear;
- Do you need cover for bikes, kayaks or other sporting equipment;
- What is the home’s condition? Most insurers don’t pay for water leaks from cracked tiles or rusted gutters.
- Location of the home, is it in a flood or bushfire-prone area? Some insurers may not cover certain streets or suburbs.
Home and contents insurance also covers your legal liability for personal injury or property damage you may cause. Cover includes legal defence costs and damages if you’re found responsible for the injury or damage. Without this insurance coverage, you could be faced with having to find the money to pay for lawyers and any court-awarded damages.
Having the right insurance cover can really help if the worst occurs. The insurer can arrange repairs and alternative accommodation or pay legal defence costs and damages awarded by a court. Having the incorrect type of cover could mean you have to find the money to pay for these costs or repairs.
Are you covered correctly?
Make a time that suits you today.
Call: 02 8935 1111
Email: concierge@thelagroup.com.au
or Contact Us here today!
