What is Home and Contents Insurance?
Home and contents insurance provides financial protection for your property and the belongings inside it. In Australia, this type of insurance is designed to safeguard homeowners and renters against risks such as fire, storm damage, theft, and liability for accidents that happen on your property. Having the right policy ensures peace of mind, knowing both your house and possessions are covered.
What Does Home and Contents Insurance Cover?
Typical features of home insurance Australia and contents insurance Australia include:
Types of Home and Contents Insurance in Australia
Home Insurance (Building Insurance)
Covers the physical structure of your property — walls, roof, garage, and permanent fixtures. This is essential protection for homeowners and landlords against damage caused by fire, storms, or natural disasters.
Contents Insurance
Protects your personal belongings inside the home. This includes everything from everyday items like clothing and electronics to valuable assets such as jewellery or collections. Policies can be tailored to suit renters or homeowners.
Combined Home and Contents Insurance
A single policy that protects both the building and its contents. This is the most common form of cover and provides complete protection for both property and possessions.
Portable Contents Cover
An optional add-on that extends protection to items you take outside the home, such as laptops, mobile phones, and cameras. This ensures your valuables are insured wherever you go.
Landlord Insurance (Extension)
For investment properties, landlord insurance can be bundled to cover not only the building and fixtures but also tenant-related risks such as rental default or malicious damage.
Why Consider Home and Contents Insurance?
A home is often the most valuable asset an Australian owns, and replacing its contents can be costly. Without cover, the financial impact of fire, theft, or severe weather could be overwhelming. Insurance provides protection against:
