Understanding home insurance
Here’s a breakdown of each type of home insurance policy and what it might cover:
Buildings and Contents Insurance
Building and Contents Insurance (sometimes called Home and Contents Insurance) offers combined cover for your property and contents. Building and Contents Insurance is likely suitable for homeowners and may help cover you for things like - loss or damage caused by water damage (burst pipe), theft, and storm damage.
Building Insurance offers cover for your property (excluding strata properties) and is suitable for homeowners. Building Insurance is likely suitable for homeowners and may help cover you for things like - storm damage, flood damage, fire damage, removal of debris, and accidental glass breakage.
Contents Insurance offers cover for personal belongings inside your home, like furniture. Contents Insurance is likely suitable for homeowners and people renting, and may help cover loss or damage for things like - water damage (burst pipes), theft, and fire damage.
Landlords Insurance offers cover for a landlords’ property while a tenant rents it. Landlords Insurance may help protect property owners against malicious damage and loss of rent following damage.
For more information, view full details of our Target Market Determination.