Need insurance for your home sweet home? You might want to check out QBE’s Home Building Insurance. With this insurance plan your home will be covered for events such as fire, storms, theft and flooding. There’s even a 30% Buildings Sum Insured Safeguard available for eligible customers. So, if it turns out that your home is underinsured, QBE may agree to pay out 30% more than the sum on your policy.
QBE’s standard Home Building Insurance provides protection for your property against events including fire, storms, theft, flooding and water damage. You’ll also be covered for temporary accommodation costs up to two years, if your home is unliveable. For this QBE will pay either the accommodation costs (up to 12 months) or 10% of the building’s sum insured, whichever works out less.
Some other features worth noting include the option to make environmental upgrades if your home is deemed a total loss and QBE agrees to rebuild it. For this, QBE will cover up to $2,500 worth of costs to install an eco-friendly system such as a rainwater tank, solar power or a grey water recycling system.
With this policy, QBE will also pay up to $500 towards the cost that you may have to pay for emergency services to protect your home from an insured event. QBE will also cover up to $2,000 of mortgage discharge costs (again, if your home is completely destroyed) and up to $2,500 to rekey or replace your locks if your keys are stolen in Australia.
You can add accidental damage cover to your insurance plan, if you want to increase your level of cover. Although it should be noted that this will increase the cost of your premium. Plus, while we’re on the subject of flexibility, you can pay your premium in instalments, although this may cost you extra.
When it comes to how much you will have to pay come claim time, there are five types of excess that apply with this policy. These are the basic excess, an imposed excess, a renovation, alteration, addition or repair excess, an unoccupied property excess for an agreed period and lastly an unoccupied property excess. This last one ranges from $1,500 for 91 to 365 days to $4,500 for 365 days plus.
QBE’s Building Insurance would be suitable for a homeowner, looking for a standard level of cover to protect their property.
If you want to pay in instalments rather than annually, this will cost you more overall. On top of this, if you plan on leaving your home unoccupied for longer than three months, you could be hit with a higher excess, should anything happen.
| Yes | |
| Up to $2,000 | |
| Yes, pathways. | |
| Yes |
| Optional Extra | |
| Yes | |
| Yes | |
| Yes | |
| Yes | |
| Yes | |
| Yes | |
| No | |
| Optional Extra | |
| Yes | |
| Yes | |
| Yes | |
| Yes | |
| Yes | |
| Yes | |
| Yes |
| 90 | |
| Optional Extra - Up to 30% of sum insured | |
| Yes | |
| $0 | |
| true | |
| no | |
| 10% online discount, Over 50, retirees, no claim bonus, security systems. | |
| Yes | |
| Up to $30,000,000 | |
| none | |
| none |
| No | |
| Up to $2,500 | |
| Up to 24 months, up to 20% of sum insured combined with temporary accommodation for pets | |
| Up to 24 months, up to 20% of sum insured combined with temporary accommodation | |
| Yes, combined with building costs | |
| Yes, combined with building costs | |
| 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.
The most exciting thing I can say is that we've never needed to claim, so my only experience with them (other than paying, of course) has been when we moved from one house to another. That process was perfectly smooth, and apart from a virtual ream of paperwork (why are there 200+ pages?!?), it was exactly what you'd want it to be.
Read full reviewThe most exciting thing I can say is that we've never needed to claim, so my only experience with them (other than paying, of course) has been when we moved from one house to another. That process was perfectly smooth, and apart from a virtual ream of paperwork (why are there 200+ pages?!?), it was exactly what you'd want it to be.
My Insurance is with Defence Service Ins and couldn't get better.
Read full reviewMy Insurance is with Defence Service Ins and couldn't get better.
Honest, prompt reliable, competitive price. Low excess.
Read full reviewHonest, prompt reliable, competitive price. Low excess.
Always have looked after me well.
Read full reviewAlways have looked after me well.
Fairly straight forward process and well explained details provided by reseller (EBM). Price is competitive yet the coverage is comparable with most major insurance.
Read full reviewFairly straight forward process and well explained details provided by reseller (EBM). Price is competitive yet the coverage is comparable with most major insurance.