Home Insurance

Depending on the type of loan you’ve taken out, under your loan contract it may be compulsory for you to take out building or home insurance to safeguard the lender’s interest in the property. You should check your loan contract to see if it is a condition on your loan. Even if this is not mandatory, it is strongly advisable.

Building or home insurance covers you for damages to your property or its fixtures. You should check the various levels of cover with your insurer and also refer to their terms and conditions for any inclusions and exclusions. Depending on your level of cover, you may be able to protect yourself for anything from fire and storm damage to burglary.

Essentially, home insurance covers the cost of restoring your property to its present condition if it is damaged. Make sure you don’t underestimate these costs, as you may end up seriously out of pocket in the long run, should disaster strike.

Contents Insurance

Contents insurance is designed to protect you in the case of loss or damage to your personal belongings and items in your home, such as white goods, clothing and furniture. While you may already have contents insurance, it’s a good idea to update it after a move into a new property – especially if you’ve decked out your new house with brand new furniture and appliances.

You’ll usually have a choice between two types of contents insurance: a policy that replaces the old goods with new ones or you can opt for an indemnity policy, under which you’ll receive the depreciated value of what was damaged.

Canberra Mortgage Brokers have teamed up with Allianz Insurance saving their clients valuable time.  Allianz is the first choice insurer for over 2.5 million Australians. By providing quality cover, Allianz is able to protect what’s important to you and your family with a minimum of fuss.

Allianz offers a range of insurance products to meet your individual needs. With Allianz you can be confident you’re getting great service and comprehensive levels of cover at a competitive price.

Canberra Mortgage Brokers can assist you with Home & Contents Insurance, Landlords Insurance, Car & Equipment Insurance.