Home insurance news and advice

With more and more extreme weather events happening in Australia, there is a worry that some homes will become uninsurable. In light of this, a number of insurance companies are advocating for actions including disaster mitigation and resilience measures.

If you’re the owner of an investment property, landlord insurance can help protect you from the risks associated with housing tenants, alongside other unforeseeable incidents you’d expect to be covered by home insurance. Whether you’re concerned about property damage or loss of rental income, there are a number of options that may present the best landlord insurance for your property and needs as a homeowner. 

Your home probably tops the list of your most prized possessions, so it’s only natural to want to protect it. That’s where the right home and contents insurance policy comes in handy.

While spring has only just begun to bloom, insurance companies are already considering the costs of damages caused by severe weather, and how prepared people are to manage this during summer storm season.

‘Above normal fire potential’ has been predicted for south-east Queensland, northern NSW and parts of northern WA this spring. 

A new report from Financial Rights Legal Centre has found many insurance customers aren’t being properly supported when making a claim for property damage due to extreme weather events. 

The NSW government has partnered with KPMG to develop a tool that will measure the quality and insurability of homes in the state. The so-called Building Assurance Solution (BAS) tool aims to provide both home buyers and insurance companies with a trustworthy rating for residential buildings in NSW. 

Launched just last week, new insurance provider Honey is giving qualifying customers up to $250 worth of smart home sensors! The insurtech company which provides home and contents cover aims to use its tech offerings to not only keep Aussies safe, but also help reduce costs for its customers.

Following the federal government’s announcement of a new $10 billion reinsurance pool, Mozo has done the maths on what the current situation is for residents of northern Queensland, the NT and northern parts of WA. 

PM Scott Morrison announced this week on Cairns 4CA radio station that the federal government will be introducing a $10 billion reinsurance pool for northern Australia. The reinsurance pool will come into place in July 2022 and the Insurance Council of Australia has expressed its support for the scheme.