The Insurance Every Home & Contents Insurance Needs to Know About

Home & Contents Insurance provides homeowners and renters with peace of mind by protecting their property and possessions from a range of risks. This insurance typically covers the structure of your home and the personal belongings inside against damage, loss, or theft. It's designed to help you cover the costs of repairs or replacement and ensure that your home and lifestyle are safeguarded.

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What is Typically Covered:

• Building Cover: Protection for the physical structure of your home, including the roof, walls, and floors against events like fire, storm, and flood.

• Contents Cover: Covers your personal belongings within the home such as furniture, electronics, and clothing against theft, loss, or damage.

• Accidental Damage: Coverage for unintentional damage to your home or personal belongings.

• New for Old Replacement: Many policies offer replacement of items with new ones, without considering depreciation, in the event of a claim.

• Temporary Accommodation Costs: If your home is uninhabitable after an insured event, your policy may cover the costs of temporary housing.

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What is Not Typically Covered:

• General Wear and Tear: The gradual deterioration of the home or contents over time is not covered.

• Unoccupied Homes: If your home is unoccupied for an extended period, typically more than 30 days, it may not be covered unless you've notified your insurer.

• Intentional Damage: Damage that you deliberately cause to your property is not covered.

• Business Activities: If you run a business from your home, any related equipment or stock may not be covered under a standard home and contents policy.

• High-Value Items: Expensive items that exceed a certain value may require additional coverage to be fully insured.