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Review by our insurance writer Gary Hunter.
With ANZ, there are 3 core policy options: home and contents cover, buildings insurance, and contents insurance. You can also choose to add optional covers to your policy for greater peace of mind.
These are the key events you'll be covered for with a home insurance policy from ANZ:
ANZ offers a choice of excess, which is what you pay up-front if you need to make a claim. You could reduce the cost of your premium by selecting a higher excess.
Here are some of the standard inclusions you'll get with an ANZ home insurance policy:
To get more protection, you can add these benefits to your policy:
Note that while flood protection is an optional add-on with most other insurers, it comes stock standard with ANZ.
ANZ won't pay a claim for any of the following reasons:
We looked at home insurance complaint data from the Australian Financial Complaints Authority (AFCA) between July 2020 and June 2021. The data explores different underwriters and compares their business size to the number of complaints processed.
When comparing insurers, keep in mind that insurers with a larger market share serve more customers, so can potentially get more complaints.
Here's a brief summary of how ANZ's underwriter, QBE, did:
You may choose how much excess you wish to pay. By increasing the excess, you can reduce the premium.
You only need to pay the excess once for each claim you make, regardless of the number of items or amount claimed. If your building and contents policies have a different amount of excess, you must pay the higher amount when making a claim on both policies.
If you are making a claim due to loss from an earthquake or tsunami, you must pay an additional $250 excess.
ANZ offers a lot of peace of mind that you'll be able to cover the cost of rebuilding your home if the worst happens. What's more, you can save up to 10% if you hold another home, landlord or car insurance policy.
But the Melbourne-headquartered bank may not offer you the most competitively priced deal on the market. So, you may want compare ANZ home insurance with more home insurance providers.
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What company insures the contents of my shed where there are unregistered cars being stored
Hi Mark,
Most home and contents insurance policies consider sheds as part of the home. Read our guide on Home and Contents Insurance to see your options here.
For cars in storage, you can refer to our guide here to check which providers are offering insurance cover for unused or laid-up cars.
Before applying for any policy, be sure to read the policy’s Product Disclosure Statement (PDS) so that you’re aware of what you’re covered for, along with any exclusions or restrictions.
Thanks,
James