+ Reply to Thread
Page 1 of 2 12 LastLast
Results 1 to 10 of 16
  1. #1
    Join Date
    Sep 2012
    Posts
    1,245
    Thanks
    20
    Thanked
    272
    Reviews
    0
    Achievements:Topaz Star - 500 posts

    Default What's your contents insurance amount

    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?

  2. #2
    Join Date
    Oct 2007
    Location
    Lala Land
    Posts
    1,599
    Thanks
    235
    Thanked
    376
    Reviews
    1
    Achievements:Topaz Star - 500 posts
    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?

  3. #3
    Join Date
    Feb 2009
    Posts
    11,313
    Thanks
    1,749
    Thanked
    1,817
    Reviews
    24
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    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.

  4. #4
    Join Date
    Jul 2010
    Location
    Australia
    Posts
    692
    Thanks
    577
    Thanked
    175
    Reviews
    2
    Achievements:Topaz Star - 500 posts
    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.

  5. #5
    Join Date
    Jan 2012
    Posts
    8,801
    Thanks
    3,389
    Thanked
    4,799
    Reviews
    9
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    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.

  6. #6
    Join Date
    Apr 2012
    Posts
    529
    Thanks
    177
    Thanked
    73
    Reviews
    7
    Achievements:Topaz Star - 500 posts
    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.

  7. #7
    Join Date
    Nov 2011
    Posts
    3,666
    Thanks
    1,426
    Thanked
    1,432
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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

  8. #8
    Join Date
    Dec 2011
    Posts
    427
    Thanks
    5
    Thanked
    40
    Reviews
    0
    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

  9. #9
    Join Date
    May 2007
    Location
    Gippsland
    Posts
    15,211
    Thanks
    1,344
    Thanked
    4,448
    Reviews
    2
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    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.

  10. #10
    Join Date
    Oct 2012
    Posts
    385
    Thanks
    3
    Thanked
    66
    Reviews
    0
    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

    Sent from my GT-I9300 using The Bub Hub mobile app


 

Similar Threads

  1. Personal insurance (life insurance / disability insurance)
    By Night Owl in forum Family Finances
    Replies: 6
    Last Post: 18-06-2013, 22:52
  2. Contents insurance
    By SoThisIsLove in forum House & Gardens
    Replies: 5
    Last Post: 06-06-2013, 07:30
  3. Contents Insurance, how much cover?
    By AllYouNeedIsLove in forum General Chat
    Replies: 12
    Last Post: 12-09-2012, 12:38

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
FEATURED SUPPORTER
CovitolCovitol Cream provides a thick, smooth barrier for long lasting protection and helps to relieve many skin irritations ...
REVIEWS
"Made bed time less anxious"
by Meld85
My Little Heart Whisbear - the Humming Bear reviews ›
"Wonderful natural Aussie made product!"
by Mrstwr
Baby U Goat Milk Moisturiser reviews ›
"Replaced good quality with cheap tight nappies"
by Kris
Coles Comfy Bots Nappies reviews ›