We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
NRMA Home Insurance offers 3 types of insurance, with 2 levels of cover. Like most insurers, you can choose from a building insurance policy, a contents insurance policy and a combined home and contents insurance policy.
Along with that, you can choose a standard level of cover or opt for "Home Plus", which is their highest level of coverage. To customise your policy, NRMA Home Insurance also offers optional extras like accidental damage, pet lover's pack and portable contents.
We don't currently have this brand on our panel. But don't fret! You can head to the NRMA website or compare a bunch of other home insurance companies with finder.
What cover options does NRMA Home Insurance offer?
NRMA Home Buildings Insurance
This policy allows you to set the maximum level of cover for damage or loss to your building. It provides cover against fire and explosion, flood, storm, accidental breakage, lightning, theft and burglary, malicious damage and more. When you are legally liable for causing damage or injury to someone else or their property, up to $20 million of liability cover is also included.
This NRMA Home Insurance policy provides protection against damage or total loss caused to your building by:
- Fire and explosion
- Accidental breakage
- Theft and burglary
- Malicious acts
- Escape of liquid.
NRMA Home Plus Buildings Insurance
This policy offers the same cover as the Home Buildings Insurance policy but to a much higher level. It features a safety net of up to 25% of the sum insured to cover extra expenses if your home costs more to repair than expected. Up to $2,000 of cover is also included for your plants, trees and shrubs.
This NRMA Home Insurance policy offers all the features of the Home Buildings Insurance policy:
- Increased claim amounts for certain items and covers accidental damage
- A safety net of up to 25% of your sum insured is available for when repairing or rebuilding costs more than expected
- $2,000 of cover for plants, trees and shrubs is also included.
NRMA Home Contents Insurance
Note that this policy can be combined with an NRMA Home Buildings Insurance policy to offer complete cover. It provides cover against fire and explosion, flood, storm, accidental breakage, lightning, theft and burglary, malicious damage and more. Up to $20 million of legal liability cover is also included.
This policy can be bundled with an NRMA Home Buildings Insurance policy to offer complete home and contents cover. It provides cover against
- Fire and explosion
- Accidental breakage
- Theft and burglary
- Malicious damage
- Escape of liquids
- Up to $20 million of legal liability.
NRMA Home Plus Contents Insurance
This offers cover against the same risks as the ordinary NRMA Contents Insurance policy but to a higher limit. A safety net of up to 25% is included if your contents cost more to replace than expected, while $5,000 of cover for accidental damage to your contents when they’re being transported to your new home is also provided.
This NRMA Home Insurance offers the same features as Home Plus Contents Insurance but to a higher level:
- An extra 25% safety net to cover repair and replacement costs for your contents
- Cover is provided for your contents when they’re being transported to your new home
- $5,000 of identity theft.
What exclusions are there?
Your NRMA Home Insurance claim will not be paid if:
- It is for rust, corrosion, depreciation or wear and tear
- It is for erosion, tidal wave or mould
- It is for subsidence or landslide, unless that which happens as the result of an earthquake
- It is for atmospheric conditions or extreme temperatures
- It is caused by vermin or insects
- It is caused by tree roots or tree lopping or felling
- It is caused by acts of war or terrorism
- It relates to the lawful seizure or confiscation of your home or contents
- It is for mechanical, structural or electrical failure
- It results from any intentional act or omission by you, one of your family members, or someone else acting with your consent
- It results from any illegal activity you or your family were involved in
- It is for costs caused by any business interruption
- It is for the cost of restoring or replacing any electronic files
- It relates to the settling, shrinkage or expansion of walls, foundations, etc
- It is for consequential loss of any kind
- It results from faulty design or workmanship
- Your claim occurs after you have left your home unoccupied for more than 60 consecutive days and failed to maintain it in a lived-in state
- You do not take reasonable care to protect your home and contents against loss or damage.
How does home insurance excess work?
When you make a claim under your NRMA Home Insurance policy, you’ll need to pay an excess to contribute to the cost of your claim. Depending on your policy and the nature of your claim, you may have to pay more than one excess. The following excesses apply to NRMA Home Insurance policies:
- Accidental damage
Got any tips to help me pay less for cover?
- Can you afford having a higher excess? This will result in a lower premium.
- Are you eligible for a No claim bonus? You’ll receive premium discounts for having a good insurance claims record.
- Can you get a linked policy discount? Link a Building Insurance policy and a Contents Insurance policy for the same address to enjoy savings on premiums.
- Are you able to get a Multi-policy discount? Customers who hold Building or Contents Insurance and another NRMA policy may be offered cheaper premiums.
- Can you get a loyalty discount? This discount is designed to reward customers for their loyalty.
How do I make a claim with NRMA?
If you wish to make a claim, you’ll need to notify NRMA Home Insurance as soon as possible. You can make a claim online through NRMA’s Self Service Centre, or you can phone 131 123 to lodge your claim over the phone. You’ll need to provide your policy number, the address of the insured property and a police incident report number (if applicable).
You must co-operate fully with NRMA Home Insurance and provide any information or documentation they deem necessary to process your claim. It’s also important to remember that you should never admit fault or attempt to settle a claim against you without the NRMA’s permission, but you must do everything possible to prevent any further loss or damage.
More guides on Finder
Finder Daily Deals: The 7 best deals in Australia today
Today's best online deals include: 75% off deluxe massage chairs, 45% off mini wildlife cameras, 64% off BBQ Grill Charcoal Smokers.
Which insurers are doing health cards in Apple Wallet?
Australian iPhone users can finally access digital health insurance cards, but only some funds are offering them.
Review: Celsius Network cryptocurrency lending and borrowing platform
An in-depth review of one of the most popular lending and interest earning platforms in cryptocurrency.
Nexo review: Is it safe for high interest returns?
Nexo is a cryptocurrency lending and borrowing platform that offers high interest rates on cryptocurrencies, stablecoins and fiat. We review the features available and look at how safe your funds would be on the platform.
Well Home Loans Equity Plus
A review of Well Home Loans’ Equity Plus Home Loan. This is a loan for borrowers with 40% deposits or equity.
Farm insurance can provide the protection Australian farmers need. It can include ✓ building insurance ✓ crop insurance ✓ livestock insurance
Lying for their life: 3.8 million Australians are untruthful on life insurance applications
Millions of Australians have told a fib in order to get a discount on their life insurance policy, according to new research by Finder.
Best tyres in Australia
Hit the road safely with the best tyres you can buy in Australia right now.
Boost your 2021 tax return: Top tips for a bigger refund
It's tax time! Finder's money writers share their tips to claim deductions on everything from your home office, car and insurance to your mortgage.
Best lighting for studying and working from home in Australia
We’ve read hundreds of customer reviews to shine the spotlight on the best lights and lamps for studying and working from home.
Ask an Expert