Home Insurance covers your Building, Contents, Valuables & Liability. If it is a rental property it can also include Loss of Rent following an insured event or tenant default (loss of Rent) or even theft and malicious damage by tenant.
Just like with Motor Insurance, Home Insurance has many insurers all vying for your business. Many compete on price alone however there is much more to consider than just the premium. Such as is the cover Defined Events only or is it an Accidental Damage Policy? Does it include cover for your valuables such as portable electronic equipment and jewellery away from the home? What are some of the specific policy limits that may be important to you? Insurers also often either deal exclusively via Insurance Brokers or Direct to the public meaning that many of the insurers that offer this type of insurance are only able to be accessed via an Insurance Broker so when calling around to various call centres you are often missing many great insurers deals that are available in the market. Should you wish to review your home insurance a quick phone call to your broker can often be time very well spent.