For most people home & contents insurance is essential, imagine loosing your home and everything inside it without being insured. This would be detrimental as for many their home is their greatest asset. Taking out insurance is a protection for this important asset. But with so many companies offering insurance it is very important to be able to distinguish between the various differences in cover and the benefits and flaws of each.
Defined Events / Insured Events
Defined events insures your home for losses specifically listed by insurers. These defined events generally vary between the different insurers but most cover events such as fire, theft, storm, liability and malicious damage.
Accidental Damage
Accidental Damage insurance not only covers for all the listed events in defined events insurance but also covers you for any damage you may cause accidentally. For example if you spill wine on the carpet many accidental damage policies would cover for the replacement of the carpet but defined events cover wouldn’t.
Specified Items
Many insurance companies place limits on how much can be claimed in a certain event, items such as laptop computers and jewellery are often worth more than these limits. By specifying an item you will get the full insured amount in a loss and many polices include cover for specified items Australia wide.
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There is a broad range of insurers who can be approached for home and contents insurance. We can approach all of these insurers and provide you with the best quote on the market. Get a Quote Now >>
