Natural disasters like bushfires, floods, cyclones, and hailstorms are a fact of life in Australia, with risks only intensifying as our climate changes. The tricky part? No two home insurance policies define or cover these events quite the same way, and the differences can be more unexpected than you’d think.
.png?width=324)
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.
Each year, our Mozo Experts Choice Home Insurance Awards spotlight the best value home insurance policies—meaning the cheapest options relative to similar options.
Starting life in a new rental often means unpacking boxes, finding the nearest coffee shop, and making the space your own. Insurance might not top your to-do list, but it probably should.
Home is where the heart is, and ensuring it's protected with the right home insurance is key to peace of mind. When faced with unexpected events like fire, theft or vandalism, knowing how to navigate the claims process is crucial.
Imagine a fire breaks out and destroys one of your home’s upstairs bedrooms. The quote to fix it is $50,000 but your insurance says ‘sorry, you’re underinsured. we can only give you $25,000’.
.png?width=324)
Understanding how home insurance premiums are calculated isn't just about peeking behind the curtain. It's about taking an active role in the process and equipping yourself with the knowledge to make smart decisions about your cover.
Mould is one of the many grey (in some cases green or black) areas of home insurance that, if not taken care of early, can cause irreversible damage to walls and linger beneath your carpet.
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.
.png?width=324)
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.
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.
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.
Home insurance is one of the most important investments a homeowner can make to protect themselves from financial loss due to damage or theft. But too often buyers and existing property owners are often confused or misinformed about what they need to do to get the best deal.
Read More
When it comes to home and contents insurance, the rising cost of premiums has many Aussies shopping around for better deals. According to Insurance Business Australia, more than 50% of Australians are actively searching for ways to save on insurance as premiums skyrocket*. But finding the sweet spot between cost and coverage? That’s a challenge. Enter Youi.
Read More
It’s great to feel secure with your home and contents insurance provider, but recent insights suggest that this sense of comfort might actually be holding many Australians back from saving a pretty penny. Our latest report sheds light on what we’re calling the "Policy Paradox"—a situation where feeling content with your insurer can lead to overlooking better, more affordable options that could make you even happier.
Read More
Spring is here, and while you’re dusting off the cobwebs of winter, don’t forget one important area that could use a refresh: your insurance policies. Just like the rest of your home, your insurance cover could be in need of a tidy-up. No matter what type of cover you currently own, now’s the perfect time to review, compare, and potentially save on your premiums.
Read More