Who should consider it?
If your home and its contents were damaged or destroyed or your possessions stolen, and you couldn’t afford to replace them yourself, you should consider home and contents cover.
If you have a mortgage, your bank usually requires that you have home insurance over your home. But even if you own your home outright, have an investment property, or rent your home, you should consider some type of home insurance.
What can it cover?
Depending on your policy Home and Contents Insurance can include:
- Home Insurance: covers your building against things like flood, fire, explosion, natural disasters such as earthquake, storms or lightning strikes, damage by vandalism or break-in, and liability to third parties.
- Contents Insurance: protects your valuable possessions, such as furniture, electronic items, whitegoods, sporting equipment and jewellery – so you can repair or replace them if they are damaged or stolen.
What isn't cover?
There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Lesure insurance broker.
Product Disclosure Statement
A Product Disclosure Statement (PDS) is available for home and contents insurance and can be obtained from a Lesure insurance broker.
You should consider the PDS in deciding whether to acquire, or continue to hold, home and contents insurance.