Building and Contents Insurance
If your home is your most valuable asset and contains the majority of your prized possessions, why not insure it accordingly?
Pay monthly, no problem
CGU don't charge more to split payments across the year – they simply divide your annual premium by 12.
New for old replacement
If your saggy old sofa is damaged in a fire or flood, CGU will replace it with a new one. In other words, there’s no depreciation on your contents.*
Automatic flood cover
Enjoy added peace of mind knowing that cover for floods is included automatically.*
24/7 claims assistance
If you need to make a claim under your insurance, simply call CGU claims on 13 24 80 anytime.
What's covered?
- Residential buildings
- Garages and sheds
- Infrastructure for services
- Swimming pools and spas
- Money
- Jewellery
- Furniture and whitegoods
- Computers and software
Cover levels to help suit your needs and budget
Accidental Damage
This is the highest level of cover. As well as cover for events like flood, fire and theft, you'll also have accidental damage cover automatically included.
- Accidental damage or accidental loss
- Valuable items
Up to $7,500 or 20% of your sum insured, whichever is greater (maximum limits per item apply) Jewellery, mobile phones, tablets, laptops, cameras & photography equipment, and more - Optional additional valuables cover
Worldwide cover for up to 90 consecutive days (with a reduced excess of $250) - Vet expenses if your pet is injured in a road accident
Up to $500 - Credit and transaction card misuse
Up to $5,000 - Replacing keys and recoding of locks and barrels
Reasonable costs
Listed Events
Balance quality features with competitive pricing. Your home and contents can be protected from a wide range of natural disasters, weather events, break-ins and more.
- Accidental damage
Windows, mirrors, glassware, and more - Valuable items
Up to $5,000 or 20% of your sum insured, whichever is greater (maximum limits per item apply) Jewellery, mobile phones, tablets, laptops, cameras & photography equipment, and more - Optional additional valuables cover
Worldwide cover for up to 90 consecutive days (with a reduced excess of $250) - Vet expenses if your pet is injured in a road accident
Up to $500 - Credit and transaction card misuse
Up to $5,000 - Replacing keys and recoding of locks and barrels
Up to $1,000
Fundamentals
A basic level of cover that provides an economical option while still helping to protect your home from floods, fires, break-ins and more.
- Accidental damage
Windows, mirrors and shower screens - Valuable items
Up to $2,000 in total (maximum limits per item apply) Jewellery, mobile phones, tablets, laptops, cameras & photography equipment, and more - Optional additional valuables cover
- Vet expenses if your pet is injured in a road accident
- Credit and transaction card misuse
Up to $1,000 - Replacing keys and recoding of locks and barrels
Up to $1,000
This is only a summary, see everything that is and isn’t covered in the Product Disclosure Statement (PDS).
Do you know how much your home and contents are worth?
Avoid the possibility of under-insuring your building or contents and make sure you have appropriate cover for your important possessions.
Building insurance value calculator
Home contents value calculator
Your home insurance questions answered
The items and events your home insurance policy covers does depend on the level of home insurance you purchase.
Home insurance may protect your building, or other buildings on your property, in the event of accidental damage, loss caused by fire or theft, and storm damage.
You can choose to include contents insurance in your policy to help protect your belongings - such as electronics, furniture, money, carpets, and jewellery.
Some home insurance policies also include liability cover. This means that if there is an insured incident that causes loss or damage to someone else’s property, or death or bodily injury to other people, your legal liability will be covered.
You can find out full cover details in Home Insurance PDS.
P&N Bank offers three levels of building insurance to suit your needs. These are Accidental Damage, Listed Events and Fundamentals.
Read the relevant Product Disclosure Statement for full details and cover information.
If you are renting it can pay to protect your belongings by taking out a Contents Insurance policy.
A common misconception amongst renters is that your landlord’s insurance will cover you if anything happens to your possessions. Landlord insurance only covers what the landlord owns which is the house and land. This means that anything that belongs to you at the rental property isn’t covered by their insurance.
A Contents Insurance policy may cover will cover you financially if your belongings are lost, damaged or stolen. It can also cover you for incidents including theft, water damage, smoke damage and fire.
An insurance excess is simply the amount that you'll need to pay towards the cost of an insurance claim.
There are different types of excess that apply to different policies. For example, in addition to the basic excess which applies when you make a claim on Car insurance, you may also be required to pay an age excess, inexperienced drivers excess or additional excess. Please refer to your Product Disclosure Statement for more information.
Important information
*Underwriting criteria, policy terms, conditions, limits and exclusions apply. Please see the Product Disclosure Statement for full details.
Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 AFSL 240701 acts under its own AFSL and under an agreement with the issuer Insurance Australia Limited trading as CGU Insurance ABN 11 000 016 722, AFSL 227681. 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 Product Disclosure Statement and Target Market Determinations (TMDs).