AUZi Broking

What does Homeowner's Insurance Cover?

When having to think about the idea of Homeowner’s insurance, ‘simple’ isn’t something that comes to mind. While there’s certainly a lot to it, Homeowner’s Insurance is arguably one of the most important policies to take out with an Insurance company as it protects your livelihood in your own home. They say that the best things in life are free… But do the best things in life cover you for damages or losses incurred on your property? Didn’t think so.

There are just so many options when it comes to what you can/need covered with Homeowner’s Insurance. I’m sure you’ve been on our product page and have seen exactly what we offer for our Homeowner’s cover. But let’s break it down for you to make it a bit more digestible. 

As you can see from the list below, there’s a lot to think about when creating a tailored policy for each client. Luckily, you don’t have to worry about all of that. But, you should know exactly what each of these policy segments can do for you. Some are more straight forward than others, but let’s get started;

What does the policy cover?

Flood and Storm Cover

Flood Cover has quickly become one of the most important policy sections on a Homeowner’s Insurance policy, and for good reason. As we are all aware – water can cause a lot of damage to your home, contents and personal assets, whether it be caused by a burst water pipe, your area flooding, or from a storm. While it’s extremely important if you live in high-risk areas, these days flood insurance is often built in to your insurance policy. This is the case with AUZi Broking, and our insurers work off a flood-risk map to determine your premiums. That way if you were to experience flooding, you’d be covered.

Home Appliance Failure or Malfunction

Home Appliance Malfunction Cover is generally something that’s overlooked when it comes to Homeowner’s Insurance, but it certainly shouldn’t be. When we get a new appliance, often there’s a bit of a honeymoon period. “2 years warranty? I’ll be fine”. But what about after that 2 year period? That’s where this policy section comes in to play. It’s pretty easy to forget that you warranty is about to end 2 years after the fact, but having Home Appliance Malfunction Cover means you don’t have to worry about that!

Accidental Damage

Accidental Damage is pretty simple. If you have this cover on your policy and you accidentally damage something in your house, your insurer can either help cover the cost of replacement, or replace it outright for you. If a vase or plant, for example, were to fall off your shelves onto your beautiful Persian rug, we may be able to help you out with replacing it.

Personal Item Cover

We can provide cover for your valuable items such as laptops, jewellery, cameras, sporting equipment etc. It’s important to understand that this cover is different to specified home contents, as it covers the items you may take with you from your home. So if your boutique Necklace goes missing, for example, while you’re out on the town, you may be covered for compensation. 

Public/Personal Liability Cover

This is probably one of the most important parts of a Homeowner’s policy. Personal Liability Insurance covers you in the event of an accident, in or out of your home, that results in bodily injury or property damage that you are held legally responsible for. If anybody were to hurt themselves on your property, you are fully liable without this cover. Obviously it’s easy to say “that won’t happen to me”, and we hope it doesn’t. But life isn’t a fairy tale; these things can and do happen. 

Credit Card Fraud

This is another policy section that’s pretty straight forward. Credit Card fraud has definitely become more prevalent over the years, with sensitive information being stored online. If you are to unfortunately fall victim to Credit Card Fraud, this is what we can cover you for:

Monetary Loss: We can provide you cover for up to $5000 in monetary loss resulting from fraudulent activity on your credit card. This can happen due to loss or theft while on holidays.

Replacement Costs: Any cost that you incur to replace your credit card can be covered. However, the limit of $5000 still applies. If you’re overseas, it can be an especially arduous and expensive process to replace a lost card. Take solace knowing that your communication costs could also be covered by us.

Tax Audit Cover

You may at some point in your life be audited by the ATO. If this were to happen unexpectedly, you would have to pay out of pocket to have an accountant or tax agent respond on your behalf. As Tax Audits require a lot of hours, compiling of evidence, and extensive knowledge and training – this can be an expensive endeavour. At AUZi Broking, we can cover you for up to $5000 when it comes to Tax Audits, which means you can have a professional handle this work – leading to the most desirable outcome for you

What's next?

There really is a lot to think about when it comes to Homeowner’s Insurance – But luckily for you, you can pay us to do the thinking and hard work for you. Our Brokers are specialists in the Insurance Industry with over 18 years of experience. We will take in to account your entire situation and create a tailored, personal policy specifically for you. That way, you get the whole picture. There’s no hidden clauses, and we’re 100% transparent about what we can and can’t cover. Click below to request a quote for any of your Domestic Insurance needs.