![]() ![]() ![]() When you take out Home Contents Insurance, you can consider whether you wish to add a few optional covers in exchange for you paying extra on your premium.Įxplore Home Contents Insurance Need extra cover? Accidental damage at home Under AAMI Home Contents Insurance you can also specify a sum insured for a particularly valuable item that has a flexible limit such as a piece of jewellery or artwork when you pay the additional premium, and that item will be covered for up to the amount you choose to increase its limit to.Ĭheck the PDS for full details of AAMI Home Contents Insurance and for terms, conditions and exclusions. Contents InsuranceĪAMI’s Home Contents Insurance offers cover for a wider range of insured events than Fire and Theft Contents Insurance. Please check the PDS to read more about what is or isn’t covered by Fire and Theft Contents Insurance. That does, however, mean that other events such as floods and storms aren’t covered. It offers up to $25,000 of cover for any one incident, should they be lost or damaged through theft, attempted theft or fire, including bushfire 1 when they are inside the insured building or unit. Fire & Theft Contents InsuranceĪAMI Fire and Theft Contents Insurance is a low-cost option when compared to our standard Contents Insurance. AAMI offers two types of rental insurance, and the flexibility to choose a sum insured, so there are options that enable you to adjust your premium depending on your needs and circumstances. Premium costs can increase or decrease based on a few factors, such as your location and claims history. Keeping the sum insured to that amount, rather than setting it to cover all contents items in the house, means your premium will be lower. If they aren’t interested, you can always take out a policy anyway, and ensure that the sum insured is just enough to cover your own things. In that case, if you want you could all be listed as joint policyholders. ![]() You could discuss a joint policy with your housemates, in which case you might agree to all chip in for cover. With AAMI Renters insurance you can’t take out insurance for just the stuff in one room of a sharehouse you’ll have to cover everything in the house. Can you get renters insurance in a sharehouse? That sort of thing should be covered by Home Building Insurance, which (hopefully!) your landlord has. This could also mean some permanent fixtures like an installed oven may not be covered - check with your insurer. If you are renting, the building itself isn’t usually covered for loss or damage under a contents insurance policy. If the same is not reasonably available, this means a similar type, standard and specification.įor more details, read the Product Disclosure Statement (PDS). This means repair or replacement with new items or materials reasonably available at the time of repair or replacement, regardless of an item’s age with no allowance for depreciation, and to the same type, standard and specification as when new. Cover for spoiled medication and food, with a $400 limit.Renters insurance could help cover the cost of repairing or replacing contents items that are damaged or lost in an insured event, so check with your insurer.įor AAMI Renters Insurance this can include cover like the following: And if they’re lost, damaged or destroyed by insured events like burglaries or wild weather, that can be as expensive as it is heartbreaking. If you don’t think you have stuff worth insuring, think again! Whether it’s that coffee machine you can’t go without, a favourite outfit or three, or your brand-new gaming set-up, we all have things that are important to us. AAMI offers two types of contents-only insurance that renters might consider: “Renters insurance” is sometimes used to refer to insurance policies that just cover contents. The good news is you can insure your contents and not have to worry about insuring the building you are renting. The responsibility for covering that stuff – that is, your contents – generally falls to you, the renter. If you’re renting, your landlord is responsible for insuring the property, including permanent fixtures like fences and fixed appliances – but not the stuff in it that you’ve brought with you. ![]()
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