Seniors home insurance
Your home is your castle. Protect it, with seniors home insurance.
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!
With seniors home insurance, you'll have a helping hand to get things right as soon as possible, in the event something unexpected happens to your home.
Whether a big storm batters the roof or a burst pipe floods the basement, seniors home insurance can help pay for important repairs, replace damaged items, and even cover alternative accommodation if you have to stay elsewhere for a while.
This guide will explain how to compare home insurance policies to find one that's right for you, and will reveal which insurers offer discounts to older customers.
Compare seniors home insurance and get a quote
Who offers discounts for seniors home insurance?
There are a few insurers that offer discounts tailored to seniors only, such as Australian Seniors Home Insurance. We would always encourage seniors to do the maths when it comes to seniors discounts and see how good a deal it actually is.
For example, buying a policy online can sometimes give you a greater discount than your seniors card.
Here's a quick list of discounts offered by some insurers:
|Insurer||Seniors discounts||Other discounts||Get quote|
This information is correct as of February 2019
How to review a seniors home and contents insurance policy. What do I look for?
When looking into purchasing a home insurance policy, seniors should consider a few things:
- Do your kids store belongings in your home? Many policies don't automatically include cover for items other people bring into your residence, unless you list their names on the policy.
- Do you travel often? Are you spending your retirement or weekends on the road? If your home is unoccupied for 60–90 days at a time, you may not be covered.
- Do you have an older house? Been in the same place for a few decades? The cost of home insurance is often higher for older homes, as not all insurers are willing to take on the risk of insuring an older home. Plenty of companies will still provide cover, but you may need to pay a bit extra for the cover you need.
- The cost to rebuild your home. Also factor in other costs you may not have thought about, such as accommodation while you rebuild, as some policies cover this.
- Calculate how much your house is worth. Use an online calculator to help you. These calculators will estimate rebuilding costs based on either a rough guide of cost per square metres or elemental estimating, which is a more personalised estimate of the cost, asking several questions about your home.
- Are you considering renovating to make your home more accessible? If your physical needs change, you may need to make adjustments to your home and significant renovations might not be covered. Before work begins, read the PDS and call your home and contents insurer to see what your policy will cover.
- Do you need specialised medical equipment at home? Home insurance may cover damage to or the loss of durable medical equipment (such as assistive devices) under the personal property section of the policy, but you may have to pay extra under some policies to be covered. Some insurers may also ask for documentation from your medical professional.
- Do you live in a risk-prone area? If floods, bushfires and cyclones are common, ensure your home and contents insurance covers these events.
- What do you really want or need covered? Consider personalising your policy to save money. Budget Direct allows you to tailor your cover to your specific needs by letting you choose your excess to reduce your premiums.
What's the difference between a seniors home insurance policy and a normal policy?
The main difference is the price since some insurers provide discounts for seniors. In terms of the benefits, there are no differences between different policyholders.
It's handy to keep in mind that insurance needs change as you age, so choosing a flexible policy that covers your key concerns is a great way to save money and have peace of mind.
More guides on Finder
Fast and furious: 73% of Aussies have fallen victim to a road rage incident
Engines aren’t the only thing overheating on the roads this summer – our tempers are too, according to new research by Finder, Australia’s most visited comparison site.
Campervan hire in Broome | Where to book, what to know
Plan your epic road trip around WA with our guide to campervan hire in Broome.
Treadmill removal services
Here’s how you can ensure your treadmill is moved safely and at a convenient time.
Campervan hire on the Sunshine Coast | Where to book, what to know
Encounter wildlife, regional treats and sandy shores with your caravan hire on the Sunshine Coast.
Campervan hire in Cairns | Where to book, what to know
Get out and explore Tropical North Queensland with our guide to campervan hire in Cairns.
Afterpay hangover? Beware of impact on home loan approval
Off the back of Christmas spending, a finance expert has warned that your Afterpay habits could negatively impact your home loan application.
Campervan relocations in Australia | Where to book, what to know
Discover great destinations for campervan relocations for your adventure across Australia.
Campervan hire in Darwin | Where to book, what to know
Get out and explore the Top End with our guide to campervan hire in Darwin.
Steam mop Finder: The ins and outs of buying a steam mop for you home
Steam mops are an effective way to clean your floors and other parts of your home. Find out how to compare models and choose the right one for you.
Are you better off putting $10k in your home loan or in super?
Our experts crunch the numbers to help you work out the best place to park your money: is it your mortgage or your super fund?
Ask an Expert