Owning your own home can be expensive and stressful at the best of times. Whether you are living in it or renting it out, the last thing that most people want to think about is what would happen if their home was damaged or destroyed. Unfortunately without having sufficient protection, you could be liable for the costs of repair in the event your home is ever damaged. Total replacement cover is important for ensuring your family’s or tenant’s home is protected. This type of cover will ensure that you can repair or rebuild your home to its former glory, without having to worry about the costs involved.

Total replacement cover will normally include any costs associated with:
• Full building replacement
• Natural disasters, such as floods and bushfires
• Accidental damage
• Theft
• Motor burnout

If you are looking for a cheaper alternative to full replacement cover, see here for sum insured cover.