Did you ever experience losing valuables due to robberies, fire, and other incidents? Well, God forbid! Think about what you would do. How would you manage to get through the feeling of regrets?
Yes! These may be temporary things since nothing is constant. However, you could not deny the fact that you have invested your time, money and effort to acquire your possessions.
The good thing is that you can now declare this problem as solved! In this blog, we present you with the Best Contents Insurance in Australia.
What is Contents Insurance?
Contents insurance is a type of insurance designed to help protect your belongings and personal possessions from loss or damage. As a rule of thumb, contents are anything in your house that you can carry when deciding to move to another house. These are things that are not physically attached to the building.
Try to reflect on this: If an unprecedented event comes, and all your properties get damaged, how much would it cost you to replace everything and start anew?
The Best Contents Insurance companies in Australia should cover the following:
- Furnitures – tables, chairs, beds, desks, dressers, and cupboards
- Entertainment – film, DVD players, literary publishing, TV, and radio
- Kitchenware – tools, utensils, and cookware
- Soft furnishings – items made from fabric such as curtains, cushions, and bedding
- Electricals – TVs, DVD players, laptops
- Toys and antiques.
- Clothes and jewelry
The list goes on, and you’d be surprised at how much it all adds up.
However, one must not assume that these following things are included:
- items that are “wear and tear”
- your home structures such as the walls and the roof (but, you can cover it through buildings’ insurance policy)
- computer damage caused by a virus
- cover for items friends or visitors bring into your premises (unless you listed their names on the policy)
What does a good Contents Insurance Policy look like?
Some Must Have Features include:
- Valuables in total – items with value will be covered
- Money in the home – cash or money left at home during the incident will be included
- Freezer contents – policy covers the foods in the fridge being spoiled due to its break down
- Contents in the open – includes contents or items outside the house but within the residence or perimeter
- Theft from outbuildings – covers items kept in a garage or outbuilding
- Personal liability – policy includes the total amounts that might be paid if there is an incident or event committed by your (e.g., accidental injury)
- Tenants’ liability (applicable for tenants) – any loss or damage to the land owner’s fixtures and fittings is included in the policy
- Accidental damage – cost made by accidents that damage your contents at home are covered
Things to Watch Out For:
- Contents excess – additional amount of money to be paid upon filing a request of claim
- Accidental damage excess – additional expenses for filing a request claim on accidental damages covered
These features mentioned above are just some of the few features that the best contents insurance companies’ policies must have. It is of utmost importance to fully understand the terms and conditions of your chosen policy.
3 Best Contents Insurance in Australia
After reviewing the must have features of the best contents insurance policy, we will move to the 3 Best Contents Insurance in Australia.
- SGIO
Address: 46 Colin St, West Perth WA 6005, Australia
Phone: +61 133233
SGIO provides different types of insurances applicable in your homes—from cars, travels, businesses, to homes. It covers new-for-old as standard, soft furnishings, gardening tools, toys and sporting equipment, and electrical items. If you want to have more, you can apply for Home Plus Upgrade with up to a 25% safety net on insured contents, covers accidental damage, identity theft, and gives a temporary accommodation if your home is unlivable.
- Shannons Insurance
Address: Unit 5b/305 Montague Rd, West End QLD 4101, Australia
Phone: +61 134646
Shannons Insurance also saves additional features for homes and contents insurance, aside from the car, bike, and NSW CTP insurance. They include new-for-old regardless of age, enthusiasts’ items, and flood cover. They also provide other cover options such as accidental loss or damage cover.
- George Ban
Address: Sydney, Australia
Phone: 00 61 2 9155 7800
St. George Ban is a unique insurance company with banking amenities. They refinance home loans, and even have different services offered, such as banking and savings, credit cards, personal loans, travels, and investments.
In 2020, St. George Home & Contents Insurance was awarded with an Outstanding Value (Canstar’s 5-Star Rating). Likewise, the company received Mozo’s Experts Choice Awards for Exceptional Value and Quality. Assuredly, this company is a top-notch.
It’s about time to take good care of your valuables!
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