I'm wondering as mine is up for renew and it's an expensive insurance! So was going to drop it drastically.
It's set at 100k at the moment.
What's yours set at?
I was told but the insurance company include every single thing like kitchen floors as well as the usual tv fridge etc.
is that what you do?
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20-06-2013 13:46 #1Senior Member
- Join Date
- Sep 2012
What's your contents insurance amount
20-06-2013 14:51 #2
I think ours is around $250k. We looked at it like - if it burnt down what would it cost? Think about clothes, every stick of furniture, light fittings, paint on the walls.......... how much would it cost to get it all back?
20-06-2013 14:54 #3
We added all our stuff up recently and decided on $90k.
Our home and contents is $323 a month.
We had to claim recently and we got $30kfor contents. The was just basic furniture and white goods. It wasnt enough. It definitely wouldnt have been enough for clothes, kitchen ware ect.
20-06-2013 14:59 #4
Ours is valued at 136k and building is new for old, no limit... through aami and its pretty cheap, but I cant remember the exact amount
Eta - its 55 a month for both
Last edited by tatia&shura; 20-06-2013 at 15:01.
20-06-2013 15:16 #5
Our contents are valued at about $60k, not sure about what we have the building valued at. For home and contents, we pay $81 per month.
20-06-2013 15:37 #6Senior Member
- Join Date
- Apr 2012
We have around 75000 worth.
I have worked in insurance and it is new for old and includes carpets, curtains and then all contents items (so from cutlery through to furniture to clothes to electrical items).
For us, 75k is enough to replace our big items and most of the little items.
$12k for electrical, $20k kitchen, $20k furniture $15k carpets/curtains leaving $8k for clothes/toys etc.
20-06-2013 20:46 #7
It depends on whether you're renting or have a mortgage.
Renting means you only need to cover your personal items and appliances.
Own home means covering the above plus floor/window coverings, fitted kitchen appliances etc
20-06-2013 20:56 #8
I rent does that mean I don't need insurance to cover carpets, curtains etc? Cos I def do not have enough cover..
We have 30g cover plus 5 grand for jewellery, it's $30 per month
20-06-2013 21:08 #9
When I was renting I covered myself for $40,000 and paid $35 per month with Westpac.
I bought so I have home and contents which costs me $67 per month, am insured to rebuild and replace all contents. I think mine's a bit cheaper because I've set the excess at $2000.
20-06-2013 21:16 #10Senior Member
- Join Date
- Oct 2012
Yep there's a difference.
Renting is contents only. Mortgage you take out building and contents insurance.
We only have contents, at I think $45K with a special listed jewellery item plus accidental damage cover.
Think ours is approx $50 a month
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