The contents insurance policy from Australia Post offers broad coverage in a wide range of circumstances – including flood cover as standard – for your belongings. There are generous specified cover limits for certain items, and other useful optional extras such as portable contents cover and accident insurance.
If you’re looking for an insurance policy to protect your belongings in case of disasters or accidents, you’ve come to the right place.
Australia Post’s contents insurance provides cover in a wide range of events including fire, theft, water damage and weather events, with flood cover included as standard. Unlike some contents insurance policies, this also includes storm surges and tsunamis as standard.
Some items come with coverage limits, but some of these can be increased optionally for a premium bump. When you take out a standard policy, jewellery is insured for up to $2,500 per item or set, artworks, rugs and antiques have a $20,000 limit for each piece or set, and cash is covered for up to $800. Make sure you read the relevant product disclosure statement (PDS) to know all of the coverage limits.
While accidental glass breakage is also included, you’ll need to pay extra for further accident cover as an optional extra and covers accidental breakages or loss of other belongings. And although your belongings are covered at both addresses when you’re moving house, you’ll need to include portable contents cover as an optional extra if you want items insured when they’re not at your address.
This broad coverage contents insurance policy could be perfect for renters wanting to make sure their belongings are taken care of in an accident or emergency.
There isn’t any underinsurance included in this policy, which means if you’ve listed your belongings at a lower value than what they’re worth, you’ll need to cover the difference when replacing them. So, it’s important to have your items valued properly.
Any information provided on this page should be considered a summary and general advice only. All information should be verified before purchase via the relevant Product Disclosure Statement (PDS).