Table of Content
The loss or damage caused by storm surge must happen at the same time as other insured damage caused by storm. We do not compare all home insurers or products in the market. Any advice given above is general and does not take into account your objectives, financial situation or needs.
The Premium, Excess and Discounts guide provides further details on how we calculate your premium, excess levels and discounts. Home and contents insurance is designed to cover you financially if something happens to your home and/or belongings. It generally covers you for events like fire, theft, storms, escape of liquid and impact damage . If you’re in the market for a new policy or looking to switch providers for a better deal, you can compare home and contents insurance for people living in Victoria using the comparison table above. Plus, cover for temporary accommodation if you can’t live in your home as a result of an insured event. Covers you for physical loss or damage to your property (ie. your business contents, stock or specified items at the premises) from insured events such as fire, lightning and explosion.
What should I consider when purchasing home insurance in Victoria?
All RACV Home Insurance policies automatically cover theft by an intruder. Basically, contents are household items that you own and aren't permanently attached to your home. Make sure you include the cost of demolition and debris removal, building and planning professionals, plus any statutory or regulatory requirements. Your basic excess can be $100, $200, $300, $500, $750, $1,000, $2,000, $3,000, $4,000 or $5,000.
Also, homes and real estate in British Columbia can be quite expensive compared to the rest of the country leading to higher building costs. Some of those building costs also include extra earthquake bracing for added protection. Since not every peril is covered by basic, broad and comprehensive policies, homeowners can add coverage for greater protection.
What exactly are contents?
Because we don’t know your financial needs, we can’t advise if this insurance will suit you. Please consider your needs, Financial Services Guide, Product Disclosure Statement, Target Market Determination, and Key Facts Sheetswhen deciding to buy insurance. Home & Contents Insurance not available in NT, North Qld and Northern WA. Subject to meeting underwriting criteria. At Budget Direct we value our customers and pride ourselves on providing great value insurance that you can rely on when you need it most. Despite its small size, the State still boasts extraordinary diversity.
At times certain brands or products may not be available or offered to you. Your use of this website is subject to the website Terms of Use. Any advice provided is general only and does not consider your objectives, financial situation or needs.
Jewellery insurance cover for your precious pieces
You can view an extensive list of contents insurance providers in Australia below. As a landlord, you can getlandlords insuranceto help cover damage to your rental properties, defaults (i.e. your renters can’t pay their rent), liability costs and more. While building insurance isn’t your responsibility as a tenant, getting contents insurance is a step you can take to help protect your belongings. Some items like jewellery, heirlooms and expensive gadgets may be worth more than what you’ll receive for a general claim if they’re damaged or stolen. If you specify the value of each item in your policy, these expensive items will be covered for what they’re worth . Comparing home and contents insurance with Compare the Market’sfree home and contents insurance comparison toolcan help you find a range of policies that have the coverage you’re looking for.
Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies. So while we can't give you an exact number, we got a bunch of quotes so you can have an idea. One of the biggest risks facing rural properties in Victoria is bushfire, while some towns on the banks of the mighty Murray River face an increased risk of a flood. If you’re the owner of an apartment in the CBD, you might be more likely to face theft and break-ins or water damage if your upstairs neighbour has plumbing problems and your apartment is flooded.
Our guide outlines things to look out for when buying home insurance in Victoria, what policies are on offer and examples of how much you could pay. It’s the maximum amount we’ll pay, so it’s important you’re comfortable the amount you nominate is sufficient to replace your entire home and all of your contents at today’s prices. After comparing the cost and features of 72 policies offered by 50 insurers, Canstar presented us with the National award for Outstanding Value Home & Contents Insurance for the sixth year in a row in 2022. No matter where you live in Victoria, a major city centre – be it Melbourne, Geelong, Ballarat or Bendigo – is only ever a few hours away.
AAMI is the trusted insurer of around 800,000 Aussie households. The average rate for Victoria home insurance is $2,075 per year or $173 per month for a detached 2,672 square foot home. For a detached 1,535 square foot home, the average price for Victoria home insurance is $1,298 per year or $108 per month.
Once you’re happy with your level of cover and how you’d like to pay, finalise payment online, or by calling us and providing your quote number. It could, for example, be the case that an insurance provider might cover damage caused by the flames of a fire, but not damage caused by smoke or by any water that was used to fight the fire. You may also want to consider Canstar’s Home and Contents Insurance Awards and Star Ratings, in which we recognise providers who offer value for money to Australian customers.
Covers you for the professional fees incurred if your business’s financial or tax affairs are audited by an authorised authority. Extra cover for mobile phones, laptops, bicycles, handbags and a range of other items that you're likely to take outside your home. This is included as standard with AAMI Home Insurance policies.
If there’s more than one building on your block of land, or your building shares a wall or other common property such as a driveway or rooftop garden, then you probably need Strata Insurance. AAMI offers cover for properties with two to 10 buildings, with optional cover for shared contents such as washing machines and gym equipment. That's a rush of water pushed from the sea onto the land caused by very strong winds.
You can also get Back in Business cover, which can help to compensate for a reduction to your business revenue following an insured event. Covers loss of, and damage to, buildings, if caused by an insured event such as fire, break-ins and weather events . Buildings covered include your home, along with garages and sheds. However, because of its location, Victoria homeowners may want extra protection in case of earthquakes, and overland flooding.
