AAMI Home & Contents Review & Compare Home Insurance
Table of Content
Covers loss of, or damage to, the things in your home, garage and/or shed after an insured event. You can also add Portable Valuables Cover for items you often take outside the home, such as a laptop computer. Mozo’s Editorial Star Ratings are a score out of 5 stars arrived at by the author of the review after careful consideration of a product’s rates, fees and features when compared with other products that offer similar features. Sum Insured Pty Ltd, Australia’s leading provider of building contents cost information.
It can provide cover for up to 10 buildings on the same block. And nominate its value your phone will be covered up to that amount for accidental loss or damage anywhere in Australia or New Zealand. You’ll have cover, for up to $20 million, for your legal liability if a third party is injured or has their property damaged in an incident at your house. If you accidentally drop, knock, spill or otherwise damage something at home, this optional cover can help. It can apply to your house itself, your contents, or both, depending on your policy. Public Liability offers cover for your costs if you are found to be legally responsible for personal injury to a third party, or damage to their property.
Home & Contents Insurance
If you own the property from which your business operates, you can consider an AAMI Business Insurance package. We offer a range of customisable options that let you put together a policy that suits the needs of your business. This provides cover for loss of, or damage to, glass windows, signs and showcases at your business premises. If you’re a property owner and you lease your commercial premises to businesses, we can help you stay covered. Extra cover to protect you against the costs of unpaid rent, theft or malicious damage by your tenant and their guests.
Compulsory Third Party Insurance and Motor Accident Injuries Insurance policies are not eligible for a discount, but will count as an eligible first policy, enabling you to receive the discount on a second eligible policy. You have 21 days from when your policy begins to change your mind. If you choose to return your policy within this period and haven’t made a claim, you can get a full refund . If you've taken out a home loan to purchase your property, your provider may insist on adequate home insurance as a condition of the loan. If you're in this situation, you should check any requirements with your lender. Both AAMI Home Insurance and AAMI Contents Insurance — and, of course, our great value combined Home and Contents Insurance — include cover for damage caused by floods.
Clothing and Personal Items
Unless you take out extra cover for these sorts of items, they won’t be covered by your policy if they're lost or damaged while outside of your home. We suggest insuring your contents for the amount you think it will cost to repair or replace them, in case you ever need to. The amount you choose is known as your sum insured and, once you've taken out your policy, it will be listed on your certificate of insurance. This calculator can help you work out the estimated rebuild cost of your home to help you choose your sum insured.
Up to 10% of the building sum insured and the longest period that can be claimed for is 52 weeks, for unit owners if their unit is damaged and their tenant can't live in it as a result of an incident covered by the policy. You specify a sum insured on your policy, which should reflect how much it’d cost to rebuild your house. If the house is damaged in an insured event, this amount is the maximum we’ll pay to rebuild or repair it. These are the events that you can make a claim for, if they cause loss or damage to your home or contents . There are limits, conditions and exclusions which apply, so check out the policy documents to make sure you’re up to speed.
Contents Insurance Calculator
Estimate the replacement cost of your home’s contents and determine how much contents cover you may need. If you have some especially valuable items, like jewellery or artworks, you can specify them on your policy to ensure they're covered up to their full value. AAMI Home Assist does not cover preventative services, such as the removal of property, rubbish or debris. If the motor in one of your fixed appliances burns out and that appliance is less than 7 years old, we'll help you take care of repair or replacement. Covers you for a reduction in your business revenue as a result of damage to your property by an insured event. Covers you for the professional fees incurred if your business’s financial or tax affairs are audited by an authorised authority.
Extra cover for mobile phones, laptops, bicycles, handbags and a range of other items that you're likely to take outside your home. This is included as standard with AAMI Home Insurance policies.
We cover the building for accidental loss and damage at the insured address during the period of insurance. If there’s more than one building on your block of land, or your building shares a wall or other common property such as a driveway or rooftop garden, then you probably need Strata Insurance. AAMI offers cover for properties with two to 10 buildings, with optional cover for shared contents such as washing machines and gym equipment. To avoid being underinsured, your home and contents sum insured should reflect what it would cost to rebuild your house or replace your contents at today’s prices. If your claim for loss, theft or damage to your contents is covered, your contents may be replaced, repaired or we may pay you. We will aim to use a member of our supplier network to repair or replace damaged contents.
If you decide to apply for a product you will be dealing directly with that provider and not with Mozo. Mozo recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. Target Market Determinations can be found on the provider's website. For more information please see Mozo's FSG, General advice disclaimer or Terms of use.
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. If you own a property that shares walls or property, such as an apartment or townhouse, you can consider Strata Insurance. Strata Insurance provides cover for damage caused by insured events to buildings with shared property, as well as shared areas like driveways and stairways.
You can save up to 10% by combining cover for your building and its contents on the one policy! FYI, the discount doesn't apply to some options, including portable valuables cover. Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it.
While Mozo attempts to make a wide range of products and providers available via its site it may not cover all the options available to you. The information published on Mozo is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. Mozo is paid by product issuers and distributors for clicks on, or applications for, products with Go To Site links.
While specifying a lower sum insured may save you a few bucks on your premium, it could leave you out of pocket if you ever need to make a claim. Please note that the calculator is intended as a guide only and not intended to be relied on for the purpose of making a decision in relation to purchasing our products. The calculator might include questions that you may not see in other calculators. Consider whether you need a professional valuation from an architect, builder or other valuation expert. To help you estimate the rebuild cost of your home and new for old replacement cost of your contents you can use the Building Calculatorand Contents Calculator. If an insured event causes food or medicine to spoil—for example, if a storm knocks out power to your fridge - we'll cover the cost, up to $400.
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