Home & Contents Insurance offered by Hume Bank has you covered for a range of events, even with its most basic cover. Across all tiers you are covered for incidents like fire or smoke, impact damage, theft or burglary and storm and lightning damage. However, it’s important to note that whether you take only take out Hume Bank Vital Home & Contents Insurance or dive in and invest in Prestige Home & Contents Insurance, you won’t be covered for any flood damage to your home and whats inside it unless you choose it as an optional extra.
As the name indicates Hume Bank’s Vital Home & Contents insurance covers you for all the basics you need when insuring your home. But there are a few small catches to be mindful of if you opt for this level of cover. While you are covered for things like credit card fraud or legal liability, the total amount covered is half of that of both the Classic and Prestige Home & Contents tiers offered by Hume Bank. Similarly, if you’ve just renovated your backyard, while any gates and fences on your property are covered with Vital insurance, landscaping isn’t, so any damage costs will come straight from your pocket.
With Classic Home & Contents Insurance offered by Hume Bank, while you may pay a higher premium than Vital cover, you’ll receive a wider range of cover from landscaping up to $2,000 and to your fridges’ motor that has fusion damage and shuts down. Keep in mind though, if you need to leave your home to go to temporary accommodation, this policy will partially cover you and your pets for up to 12 months but won’t cover any transit costs or your contents while moving.
Prestige Home & Contents Insurance has the largest range of cover out of the three versions offered by Hume Bank. Everyone can be a bit clumsy with their belongings sometimes, so unlike the lower tiers of this insurance, Prestige cover includes any accidental loss or damage of contents (unless specifically excluded). Similarly, you can get up to $5,000 cover for any fraudulent use of lost or stolen credit cards. But, although Hume Bank covers you for a widest range of events with Prestige Home & Contents, in the case of a power or storm surge you aren’t covered. This also applies across the lower tiers of this insurance as well.