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Picture a quiet day at home suddenly interrupted by a ball breaking your window - a classic case of playtime gone wrong. This is where accidental damage insurance shines. Unlike standard home and contents insurance, which covers you for things outside of your control, like theft and natural disasters, accidental damage insurance comes to the rescue for everyday mishaps, or dare we say, clumsiness.
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If you own a holiday home, your insurance options fall into two categories: one for renting the property out, and another for personal use only. If it’s just for you, home and contents insurance is what you’re after.
For the last three years, Australia has been deluged with record-breaking rainfall thanks to an unlucky string of La Niña weather events. As a result, home insurance premiums surged as providers tried to offset billions worth of damages, as shown in Mozo’s latest insurance report.
For the last three years, Australia has weathered one natural disaster after another. From the devastating Black Summer bushfires to three years of record-breaking floods, home insurance premiums have skyrocketed to compensate for the surge in claims, as highlighted in the 2022 Mozo insurance report.
For renters looking to protect their belongings, contents insurance can make an excellent option. But for the premium cost to be worth it, it’s vital your policy covers you adequately.
Severe weather has surged home insurance premiums across Australia, from coastal cities to interior bushlands. Mozo's research found that 22% of policyholders have had to reduce their level of coverage to relieve the cost pressure – but this can be a disaster in itself.
Home insurance can be a vital product, offering financial protection for your house in the event of an unforeseen accident, loss, or theft. But nobody likes to pay more than they have to, and premiums have risen in the last few years. So if you’re after some cheap home insurance options, you’re certainly not alone.
Home is where the heart is, so it’s important to keep it safe and secure with home insurance. When the worst happens, such as fire, theft, or vandalism, it’s time for your coverage to shine. But how exactly do you go about making a home insurance claim?
Finding your dream home is no small feat. With a pricey housing market and range of other factors at play, it can be a minor miracle to find a property that ticks all the right boxes.
After the Reserve Bank of Australia’s decision to hike rates by 0.25% on Tuesday, the cost of being a home-owner in Australia is likely to rise for many, leading to a potential uptick in cases of serious financial stress for those with a mortgage.
Mould is one of the many grey (in some cases green or black) areas of home insurance that you need to be aware of as a homeowner.
Underinsurance is when a person’s home or belongings are insured for an amount that is below what it would actually cost to replace them.
Not to be confused with a PDF, a PDS (product disclosure statement) contains all the vital information you will need to make a decision about a finance product.
When you first move into a rental property, one of the first questions you may ask yourself is, "Do I need renters insurance?"
There's no doubt about it, home and contents insurance providers love their mumbo jumbo. If you're struggling to get your head around some of the home insurance lingo (and really, who wouldn't) our jargon buster is here to help.
Whether you’ve built it from scratch or picked it up at an auction, our home is the most expensive thing we own. So the last thing you want is to find out you’ve forgotten to add or misjudged something on your home and contents insurance policy, like underinsurance.
If you’re like most people, your home is probably not only one of the most expensive things you’ll ever own, but also one of the most important to you. You most likely put a lot of thought into finding the right one and a lot of effort into saving up and choosing a home loan to afford it.
In a landmark move, the New South Wales government, led by Premier Chris Minns, has announced a major shift in how emergency services will be funded, promising to replace the levy on home insurance with a wider, state-wide contribution method.
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Two-thirds of Aussies are impacted by natural disasters, according to recent analysis from professional services firm, KPMG.
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In a recent ruling, the Australian Financial Complaints Authority (AFCA) has sided with an insurance company in denying a lost property claim, basing its ruling on the claimant's refusal to submit phone records to the insurer.
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We’re unfortunately seeing the extreme danger of Aussie bushfires again.
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