Home Insurance Products

Compare 24 products offered for Home Insurance from 13 companies including Achmea Australia, CHU Underwriting Agencies Pty Ltd, and St George Underwriting Agency.

Our Insurance Comparison Tool allows you to pick the policy that's right for you by comparing every plan offered by Canada's leading providers. Need more info? Our Frequently Asked Questions can break down Home coverage in greater detail.

Compare Home Insurance Policies

Products 1 to 10 of 24
Product name Max Coverage Min Premium Exclusions
Home Leader Prestige by The Home Builders Underwriting Agency Max Coverage AUD20M Min Premium N/A
  • specific types of injury or damage (see specific policy wording)


more details
Extra Care Home and Contents by Calliden Home Max Coverage AUD20M Min Premium AUD300
  • any holiday home or holiday rental property
  • letting of the insured building to any tenant


more details
Elite Care Home and Contents by Calliden Home Max Coverage AUD20M Min Premium N/A
  • any holiday home or holiday rental property
  • letting of the insured building to any tenant


more details
Elite Care PLUS Home and Contents by Calliden Home Max Coverage AUD20M Min Premium N/A
  • any holiday home or holiday rental property
  • letting of the insured building to any tenant


more details
Holiday Home by St George Underwriting Agency Max Coverage AUD20M Min Premium N/A
  • actions of the sea
  • flood
  • high value items and collections


more details
Home and Contents by Mansions of Australia Max Coverage AUD30M Min Premium N/A


more details
Private Client Group - Home by AIG Australia Ltd Max Coverage AUD1M Min Premium N/A


more details
MaxiCover Prestige Home by Ansvar Insurance Ltd Max Coverage AUD20M Min Premium N/A


more details
HomeCover Classic Home by Ansvar Insurance Ltd Max Coverage AUD20M Min Premium N/A


more details
Home Cover Prestige by QBE Insurance (Australia) Ltd Max Coverage AUD30M Min Premium N/A
  • damage caused by a wave that arises from any event other than a tsunami
  • damage caused by the seas and high tide
  • damage caused by wheels or tyres to paths and driveways
  • damage to a heat resistant item if the fire only caused damage to that item
  • flood damage to gates and fences where the damage is greater than the purchase limit for the gates and fences option or where the cover is not purchased
  • flood damage to privacy screens, shade cloth, shade sails, PVC blinds or umbrellas and spa or swimming pool covers
  • loss or damage as a result of vandalism or malicious act by the insured, a tenant, somebody who resides in the home, someone else acting on the insured’s behalf
  • loss or damage due to any process of repairing, restoring or altering
  • loss or damage if the theft was by the insured, family or tenants
  • loss or damage to sporting equipment whilst in use or play
  • water damage caused by storm or rain seeping unless the water entered through an opening in the wall / roof as a direct result of the storm


more details

 

Frequently Asked Questions

(click to expand)

 

What Is Home Insurance?

Home insurance provides coverage for losses and damages to an individual’s home and the contents within. Home insurance (also referred to as Homeowner’s Insurance) is a type of property insurance and can be split into two parts:

 

  • Building insurance
  • Contents insurance

Who Needs Home Insurance?

Home insurance is designed for individual homeowners, whether they have one of multiple properties. Most banks require proof of purchase of a Home insurance policy before they approve a mortgage. This can be obtained either through the same bank or under a separate policy. Types of property suitable for a Home insurance property include:

 

  • Residential property/house
  • Condominium/apartment
  • Secondary home
  • Seasonal home
  • Cottage
  • Villa
  • Mobile home/trailer
  • Student accommodation

Home insurance is not suitable for those renting a property, however coverage for Contents insurance is still advised.

What Does Home Insurance Cover?

Home insurance mainly covers buildings and contents.

Building insurance provides coverage for interior and exterior damage to the property caused by the following perils:

  • Fire or lightning
  • Windstorms or hail
  • Explosions
  • Riots or civil commotion
  • Damage caused by vehicles
  • Damage caused by aircraft
  • Smoke damage
  • Acts of vandalism
  • Theft
  • Volcanic eruption
  • Falling objects
  • Damage from thawing ice/snow
  • Discharge or overflow of water from internal appliances/sewer back-up
  • Broken/burst plumbing
  • Damage from electrical currents

Contents insurance provides coverage against loss, damage or theft of personal items and possessions, such as:

  • Electronic equipment
  • Furniture
  • Carpets and upholstery
  • Jewelry and valuables
  • Silverware
  • Expensive clothing
  • Antiques
  • Paintings
  • Garden equipment
  • Fridge/freezer contents

Some Home insurance programs are specifically for one property, whereas others cater to multiple home or property owners. This can also include extended coverage for children of the policyholder if they are at university, covering their possessions under the same Contents part of the policy. Home insurance can also be extended to provide coverage against accidents in the home or on the property.

While Home insurance policies cover damage, including accidental damage, not all cover catastrophic events or natural disasters (eg flooding, earthquake, wildfire). It is important to check the wording of the types of damage included and if it excludes certain causes of damage.

What Is Not Included in Home Insurance?

While Home insurance includes property damage coverage, there are certain types of damage excluded by many Home insurance policies:
  • Natural wear and tear
  • Deliberate acts of damage
  • Damage caused by pets/animals
  • Certain types of natural disaster (check policy wording if overland flooding, earthquake or wildfire exclusions are applied)
  • Acts of war or terrorism
  • Pollution
  • Contents confiscated by the government or police

How Is Home Insurance Sold?

Home insurance is generally sold directly to the consumer. Homeowners do not require an MGA to source an underwriter to write a Home insurance policy on their behalf.

Many insurance companies can create personalized Home insurance quotes through online forms completed on their websites.

How Much Is Home Insurance?

The price of Home insurance will be determined based on the following factors:

 

  • Value of the property
  • Value of the contents (if included)
  • Location of the property (ie near a floodplain, faultline, etc)
  • Claims history

All of these things will determine the amount of the premium, as well as how much of it needs to be covered. Excess insurance may also be purchased as an add-on in case of a one-off event that requires an amount beyond the agreed coverage limit needs to be paid.

Generally, things that increase the risk of damage or destruction to a residential property and/or contents, increasing the likelihood of a payout, will increase the cost of a Home insurance policy.