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Your home is the most valuable asset you will ever own and along with your treasured belongings, it forms the most important collection of items in your possession. So how would you cope if your home and all its contents were damaged or destroyed, from an emotional point of view and also a financial one? Home and contents insurance is designed to provide important cover for loss or damage to your building and your possessions caused by everything from fire and storm to earthquake and explosion.
Mortgage Choice, though better known for its home loan services, also offers a range of home building and contents insurance policies to meet the needs of homeowners with a variety of budgets. Mortgage Choice Home Insurance policies are issued by respected insurance provider, Allianz Australia Insurance Limited.
Mortgage Choice Home Insurance offers three options to customers: Prestige Home, Classic Home and Vital Home.
Prestige Home Insurance provides accidental loss and damage cover as well as things like temporary accommodation and accidental glass breakage.
A Classic Home policy offers protection against a wide range of insured events, such as fire, storm, explosion, lightning, vandalism and earthquake. It also offers up to $20 million of legal liability cover.
Finally, a Vital Home policy offers insured events cover, accidental glass breakage cover and many of the same benefits as a Classic Home policy. However, the benefit limits on this policy are often lower than those on the Classic policy.
In addition, Mortgage Choice offers flexible Landlord Insurance to protect your investment property. It offers liability cover, tax deductible premiums and coverage for your fixtures and fittings.
This policy offers protection against:
With a Classic Home Insurance policy from Mortgage Choice, you can enjoy protection against a wide range of insured events including:
A Mortgage Choice Vital Home Insurance policy covers you for loss or damage caused by insured events including:
In fact, it offers many of the same cover features as a Classic policy but with a few key differences - there is only $10 million of legal liability cover, while no cover is provided for electric motor fusion or the spoilage of refrigerated or frozen food.
Mortgage Choice Landlord Insurance offers much needed protection for owners of investment properties by protecting against loss or damage caused by accidental glass breakage, earthquake, fire, and the other insured events included in a Classic Home policy. It also offers extra features such as coverage for mortgage discharge costs, lost rental costs after an insured event and removal of debris costs. In addition, optional covers such as rental default, theft by tenant, strata title mortgage protection and landlord workers’ compensation can be tacked on to your policy.
We give benefits for: | Prestige Home | Classic Home | Vital Home |
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Accidental glass breakage |
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Accidental loss or damage |
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Additional cost of temporary accommodation |
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Automatic indexation of sum insured |
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Compensation for death |
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Contents in open air at the risk address |
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Contents in safe deposit box |
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Credit cards - cover for loss or theft |
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Fusion of electric motors |
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Guests', visitors' and domestic helpers' property |
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Insured events cover |
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Landlords' contents |
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Legal liability |
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Modifications to buildings for paraplegia & quadriplegia |
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Replacement of locks and cylinders |
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Security firm attendance |
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Spoilage of refrigerated / freezer food |
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Temporary removal of contents from your risk address |
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Title deeds |
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Veterinary costs |
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Your Mortgage Choice Home Insurance claim will not be paid if:
A number of factors can affect the cost of your Mortgage Choice Home Insurance premiums, including:
When you make a home insurance claim, you’ll need to contribute towards the overall expense of that claim by paying an excess. The exact amount of the excess you will have to pay will be set out in your Mortgage Choice Home Insurance policy schedule. Policyholders will only have to pay one excess in respect of any claim:
Certain benefits, such as the replacement of locks and cylinders or the loss or theft of credit cards, do not attract an excess when you make a claim. Earthquake claims will attract an excess of either $200 or the amount shown in your policy schedule, whichever is greater.
If an incident occurs that may lead to a claim, remember that your Mortgage Choice Home Insurance claim will not be paid if you:
When you contact Allianz (the insurance issuer) to inform them of your claim, you will need to provide full details either verbally or by filling out a claim form. Depending on the nature of your claim, you may also need to provide documentation such as receipts, proof of ownership or police reports to support your claim.
If you’re looking for competitive insurance protection for your buildings and contents, Mortgage Choice Home Insurance can help. Just make sure to compare the policies it offers with others on the market to make sure you find cover that offers you features and value for money.
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