What is renters insurance, and why is it important?
Renters insurance can cover the contents within a home, including your eligible valuable belongings following an insured event. This includes protection of your contents from unpredictable weather and the impacts of cyclones, floods, storms and bushfires. Renters insurance also protects you against things like theft, damage and legal liability.
What am I covered for?
Renters insurance covers your contents against loss or damage as a result of an insured event. For a full list of the insured events we cover, please refer to our PDS.
My contents aren’t worth that much. What is the point in having insurance cover?
Consider the cost of replacing all of your items if something happened to them, rather than their current value. In the event of a claim, and if you need to replace all your items, you may not have the money available to do so. This is why some customers choose to have contents insurance.
What insurance should I get if I am a tenant?
We offer contents insurance for renters whether you live with a flatmate, work from home or are moving house. With our cover and extras, we can protect your valuables from storms, theft, and accidents.
How much should I insure my contents for?
We aren’t able to provide you with advice on the replacement costs of your contents or how much to insure it for. Instead, we use the information you give us and data sourced from third parties to recommend an amount of cover you should have. You should use this recommendation as a guide only.
Your contents sum insured should include items such as fixtures and fittings (e.g. carpet, blinds, curtains), furniture, electrical goods, and all personal items. Items of value that you want to list on your Certificate of Insurance – such as jewellery, media or artworks – should also be included in the overall sum insured.
We recommend that you use a contents calculator to determine independently an appropriate sum insured for your needs, which you can then compare to the guide provided by us during your quote.
