Whether you own or rent, your home and possessions are precious

Choosing to insure them and making sure you are adequately covered could offer peace of mind. It also lowers the financial pain of repairing your home and replacing damaged or stolen belongings should the unexpected happen. A study from 2013 found 83% of Australians are underinsured – and unfortunately they don't realise this until it's too late.

In the unfortunate event of needing to make a claim, there is a difference between having insurance and having the right level of cover of insurance to suit your personal circumstances. As our living environments change all the time it is important that you are not just renewing your insurance policies but are taking the time to properly review them at renewal.

    Taking the time to make sure you are adequately covered and knowing what's covered means you know where you stand in the event of a loss

      Are you adequately insured?

      You may not be adequately insured if you have not reviewed your insurance each year, if you have made additions to your home and not updated your policy, if you have under-valued your home and contents, and if you have not considered the costs of rebuilding, demolition, and removal of debris.

      By choosing to insure your home and contents through People's Choice, did you know that you could be covered for:
      • Removal of debris and demolition costs: these reasonable costs are paid in addition to the sum insured if your home suffers loss or damage (Up to 10% of the sum insured).
      • Alternative accommodation costs: If you are unable to live at home as a result of loss or damage caused by a covered event, you are covered for up to 12 months and are paid in addition to the sum insured (Up to 10% of the sum insured).
      • Rebuilding fees: you are covered for the cost of employing an architect and any legal fees that arise from the rebuilding of your home after a covered event that causes loss or damage and are paid in addition to the sum insured (Up to 10% of the building sum insured).

      Refer to the relevant Insurance Product Disclosure Statements below for full details of cover limits, exclusions and terms and conditions.

      Calculate the estimated replacement cost of your building and contents

      Our easy-to-use calculators can help you determine how much to insure your home and its contents for.

      Talk to us about your insurance needs today!

      Related articles