Finder makes money from featured partners, but editorial opinions are our own.
Single item insurance
Single item insurance lets you pay less by only insuring important stuff like your phone and laptop.
With single item insurance, you can cover one or more individual items in your home. It's slightly different from traditional contents insurance because it lets you pick and choose specific items you want to protect, such as your phone, laptop and camera. It can cover you for events including fires, theft or accidental damage.
Compare brands for single item insurance
1 - 6 of 6
What is single item insurance?
Single item insurance is a new type of insurance that covers individual items, such as your camera, laptop or phone, rather than whole categories, in the way that contents insurance does. You can insure more than one item and examples of what it can cover include:
Who offers single item insurance?
As its popularity increases, there are now a number of providers offering single item insurance. Some of these providers are:
- Raiz
- Bendigo Bank
- Insurance4that
- NRMA
Is there a difference between single item insurance and portable contents?
Yes. Here's what they both do:
- Single item insurance. This functions like contents insurance, except it only covers individual items inside your home, as opposed to everything in your home.
- Portable contents insurance. This protects your items when you take them away from your home. It's usually only available as an add-on with single item and home insurance policies, which means you'll need to pay extra to get it included.
Should I get single item insurance or contents insurance?
Here's the pros and cons of a single item insurance policy.
Pros
- It's usually cheaper than contents insurance.
- It's good if you just want to protect a couple of expensive items in your home.
Cons
- A contents insurance policy can offer much better value for money.
- A contents insurance policy can cover those items and a lot more (from carpets and curtains to furniture and white-goods).
- You'll usually still have to pay an excess when you make a single item insurance claim.
What's covered by single item insurance?
Single item insurance generally lets you insure the same items that would ordinarily be covered in a contents insurance policy. These items include:
- Jewellery and watches
- Laptops
- Mobile phones
- Cameras
- Bicycles
- Personal electronics
- Gaming accessories
- Musical instruments
- White goods e.g. fridges, ovens etc
- Sporting and camping equipment
- Furniture
- Home audio and visuals
- Tablets
- Desktop computers
What's not covered by single item insurance?
There are some items that single item insurance ordinarily won't cover. These include:
- Motorcycles, vehicles, caravans and trailers
- Motorised golf buggies or carts
- Ride-on lawnmowers
- Mobility scooters
- Tools, e.g. work equipment such as drills and saws
- Any items and stock used for your business or profession
- Gemstones
Single item insurance can be a convenient way to protect specific valuables you own but it's not always the most cost effective option compared to contents insurance – which protects all, not just some, of the items in your home.
Gary Ross Hunter
Finder's insurance and innovations editor
Why you can trust Finder's home insurance experts
You pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees.
You save time. We spend 100s of hours researching home insurance so you can sort the gold from the junk faster.
You can trust us. We say it like it is. We aren't owned by an insurer and our opinions are our own.
More resources on Finder
More guides on Finder
-
Home insurance for first-time buyers
An easy explanation of home insurance for first home buyers.
-
Pool insurance
You can get swimming pool insurance included with most home and contents insurance policies. Find out who provides cover and what insurance you need.
-
Home insurance for water damage
Find out how home insurance can cover water damage and how to avoid some of the pitfalls.
-
Camera insurance
Camera insurance is a must-have if you carry a lot of expensive gear. Find out how to get cover through either contents insurance or speciality camera insurance.
-
How much does home insurance cost in Australia?
Discover what impacts the cost of home insurance and how to get the right protection with this handy guide.
-
Home Insurance NSW
Home insurance protects you, your home, and your family from a range of unexpected events. Finding the right home and contents insurance in NSW is no easy task. This guide will teach you what to look for in a policy.
-
Motor burnout insurance
Motor burnout covers those big appliances in your home in the event that they let you down. This article will show you what it is, why it's important and how much it can cost you.
-
Storm damage insurance
Protect your home against storm, flood and rainwater damage with the help of this comprehensive guide.
-
Home Warranty Insurance
Home warranty insurance, also known as builders warranty insurance and home indemnity insurance, is designed to offer protection for homeowners against faulty building work.
Ask a question