How great is it owning your own home? No more worrying about renting (or mum and dad invading your personal space) and you can build wealth over time as your property's value increases.
Owning a home is one of the biggest financial commitments we make in our lives, yet it's amazing how many people don't bother to get the right cover to protect it. Being covered gives you peace of mind and can be a lifesaver when things don't go according to plan.
So, even though you've done the right thing and taken out insurance, you need to make sure that the policy you have gives you the cover you need the most.
At at bare minimum, you'll need home insurance that meets the terms and conditions of your home loan (that's your contract). If you don’t have enough cover you may be in breach of your contract and nobody wants that. Your home loan provider may even request evidence of your home insurance (known as a Certificate of Currency) if needed.
If you don't know how much you should insure your home for, you can get an estimate of its value using our handy online Building Calculator. And, we can even set you up with a great value insurance product through our insurance partner, CGU Insurance. If you'd like us to organise a quote for you, we can do that too. No obligation! We just want to make sure you're all good with your insurances. Give us a call on 1300 306 716 or jump onto our home insurance page for more deets.
Bank of us ABN 32 087 652 088, AFSL 236870 acts under its own AFSL and under an agreement with the issuer Insurance Australia Limited ABN 11 000 016 722, AFSL 227681 under the CGU brand. Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (your personal circumstances). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant the Product Disclosure Statement and Target Market Determinations from CGU Insurance.
Bank of us does not guarantee any claim or benefit payable under the insurance policy. We receive commission on insurance products details can be found in our Financial Services Guide.
