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Many Australian households don't have contents insurance. This is important because, without contents insurance, you may be unable to replace your belongings if they are damaged or stolen.
A policy can help pay for their medical expenses and damages if something goes wrong and someone is injured. We'll cover you even if you're responsible for the accident.
- bodily injury or death to another person
- loss or damage to another person's property caused by a personal act or omission of the insured person
Some examples where you may be found personally liable include:
- damage to your landlord's property in respect to those who lease
- your pet causes bodily injury to another party
- you have a bicycle accident hurting someone else or damaging a vehicle
- people injured at your BBQ and other home gatherings
- the children's birthday party should guests suffer injury
Considering that there have been more severe weather incidents in the past decade and devastating bush fires, it's important to know that your property could be affected in the future. If you don't have content insurance, please consider getting coverage. If you have coverage now, it might be a good time to reassess the level of coverage and value.
Consider the areas of risk that cause you the most concern, and see if coverage is available. If flooding is a priority, ensure your policy includes this contingency.
There are a few things you can do to keep your premiums low.
- Choose an insurance company with a higher excess. This can keep your premiums low.
- Consider grouping your personal insurance with one insurer. Many insurance companies offer incentives for this course of action.
To help with the payment of premiums, remember that many insurance companies offer payment options by the month for a reasonable additional charge.
When considering the value of your belongings, it's important to consider that you will have to replace everything—your clothes, iPhones, laptops, entertainment units, refrigerators, furniture, and anything else small that goes into making a home.
Possessions have increased significantly over the years. For example, jewellery, paintings, sporting goods, cameras, etc. When you compare what we had when the trend started with what we have now, it's easy to see the amount of money added up.
Some policies do not protect your belongings if they are above a certain amount or stored outside the home. Be sure to read the specific policy carefully before signing up.
Review your policy every year and make necessary changes to stay adequately insured. This can be done through your annual renewal or by purchasing new content at the same time as your renewal.
Many Australians don't have contents insurance. This is important because, without contents insurance, you may be unable to replace your belongings if they are damaged or stolen. If you have any home content insurance-related questions, contact a trusted provider.
Ensura provides insurance packaged and designed to provide holistic cover for your business. We focus on giving a personalised experience and are obsessed with delivering tailored risk management solutions that balance protection with the right cost. Seek protection by contacting an insurance broker in Sydney today. Get in touch with Ensura!
Disclaimer: As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy document. The information contained on this webpage is general only and should not be relied upon as advice. The opinions expressed in the Blog are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific insurance product. It is only intended to provide education about the financial and insurance industry. The views reflected in the commentary are subject to change at any time without notice.
