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honey Home & Contents Insurance

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Important information on terms, conditions and sub-limits
Fire
Yes
Theft or burglary
Yes
Flood
Yes
Storm
Yes
Building cover
Contents cover
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Mozo editorial review honey Home & Contents Insurance - last updated: 29 June 2021

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What's hot
  • Smart monitoring system for emergencies, with 8% annual discount when in use
  • Flood cover included as standard
  • Up to $20,000 home office cover
What's not
  • No temporary accommodation for pets
Mozo snapshot

This new tech-led insurance company focuses on damage prevention as well as broad policy coverage to deliver more tailored, affordable home insurance to Aussie homeowners. With honey, you’ll be rewarded for using smart sensors which aim to prevent disasters and accidents in the home, and satellite data will be used to ensure your home is insured for its full value.  

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Key features

When you take out a home and contents insurance policy with honey, you’ll be sent smart sensors which are used as a home monitoring system to alert you to water leakages, fire, changes in temperature and unusual activity (like someone breaking into the property). 

If the sensors detect any of these events, an alert will be sent to your connected smartphone via an app, so you can check in on your home and take appropriate action to avoid damage or theft. Because honey sees this as an opportunity to protect your property and reduce the likelihood of you making a claim, they’ll give policyholders who install the sensors an 8% premium discount every year. 

Honey is also trying to combat underinsurance by using satellite data to monitor for any additions to the structure of your home. This way, if you put in a pool or build an extension and forget to mention it to honey, they’ll be able to spot it on satellite and get in touch to amend your policy so your property is covered to its full value. 

While further underinsurance protection isn’t included in the policy and there aren’t any buy online or combined policy discounts, there are some generous inclusions. Your home office will be covered for up to $20,000 and trade tools for up to $2,000, making this policy ideal for those working from home. Plants as a part of your landscaping are also insured for up to $1,000, as is half the cost of replacing up to 2km of fencing.

You’ll get to choose your excess with honey, with the basic excess starting at $500. Just remember, while opting for a higher excess could help reduce your premium, you’ll have to pay more at claim time before your coverage kicks in if you take this route. 

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Who is it good for

Homeowners who appreciate new technological developments that can help monitor and  protect their property and belongings. And if you like to fit your premium payments into a monthly budget, then honey will let you pay the sum in monthly installments at no extra cost.

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Any catches

While temporary accommodation cover is available if your home is damaged and unlivable, there isn’t any cover for pet accommodation in this policy.

Details

Rates and fees information correct as at 27 November 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Policy and service features

60

No

Yes

$500

true

yes

n/a

Yes

Optional Extra - Up to $2,000 per item, up to $8,000 total

Up to 5% of sum insured

Up to $20,000,000

Receive complimentary smart sensors (worth $250) to detect help detect fire, theft and water damage. Plus save 8% off your premium every year for using them.

n/a

Events

Optional Extra

Yes

Yes

Yes

Yes

Yes

Yes

Optional Extra

No

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Buildings

Yes

No

Up to $1,000 for plants

Yes - Up to 50% of the total cost, up to 2km

Contents

Up to $300

Up to $1,500

Up to $5,000

Hardware yes, software up to $5,000 combined with CDs/DVDs

Up to $2,000

Yes - limits apply for carpets over 10 years old

Up to $1,000 per item

Up to $2,000 per item, up to $12,000 in total

Up to $2,000 per item, up to $6,000 in total

No

Up to $1,000

No

Yes

Up to $2,000

Optional Extra - Up to $20,000

Up to $20,000

Other cover

Up to $5,000

No

Up to $1,000

Up to 12 months, up to 10% of sum insured

No

Up to 10% of sum insured

Up to 20% of sum insured combined with demolition cost

Up to 20% of sum insured combined with debris removal cost

No

Up to 14 days

Yes

*Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.

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