GIO Australia

55UP Home & Contents

55UP Home & Contents

Get a 10% discount* when you purchase Home & Contents insurance online.

55UP Home & Contents Insurance is specifically designed for people who are 55 and over and cover is available for a range of living arrangements. Start your home 55UP insurance quote
55UP Home & Contents Insurance Overview

GIO Insurance is available in NSW, ACT, VIC, WA & NT. Key features of 55UP Home and Contents Insurance are -


Automatic flood cover

Automatic flood cover

You will automatically receive cover for loss or damage caused by rain, wind, storm and flood. This includes damage from flash floods, storms, rising rivers and tsunamis as well as flooding from dishwashers, hot water systems and burst pipes.

Actions or movements of the sea and leaks from showers are not covered.

Lifetime Guarantee

Lifetime Guarantee

We guarantee the quality of materials and workmanship of repairs that we authorise and arrange for the lifetime of your home.

Safety Net Home Protection

Safety Net Home Protection

GIO will pay up to 25% extra protection on your home cover if costs to replace your damaged home exceed your sum insured.

New for old replacement

New for old replacement

If your home is damaged beyond repair or your belongings are damaged or stolen, we will replace your home and contents items new for old, regardless of their age.

Temporary accommodation costs

Temporary accommodation costs

GIO will pay up to 12 months temporary accommodation costs during repairs if your home is damaged and unliveable.

Home Assist

Home Assist

Access to legal, medical or property maintenance advice services through GIO Home Assist. A range of service providers are on hand to assist you via the phone 24 hours a day, 7 days a week.

24 Hour Claims Service

24 Hour Claims Service

We have a dedicated claims hotline providing a paperless claims service where you can talk to someone
24 hours a day, every day of the year

Choose to make one annual payment or to pay by the month

Choose to make one annual payment or to pay by the month

At GIO we give you the choice of payment options. You can choose to pay one annual payment or monthly instalments. Learn more about Pay by the Month (fee applies).

Choose to make one annual payment or to pay by the month











 

Cover for insured events

You are covered against loss or damage as a result of 12 insured events:

Storm and flood Burst pipes, leaks and overflows Damage by animals
Lightning Earthquake and tsunami Explosion
Fire Breakage of fixed glass Riot or civil commotion
Theft Vandalism and malicious damage Impact
Learn more

Learn more

Find out about Classic Home and Contents Insurance, Platinum Home and Contents Insurance and Investor Home and Contents Insurance

Read the relevant Product Disclosure Statement before making any decision regarding these products. Insurance is issued by GIO General Limited ABN 22 002 861 583.

More Details

A GIO 55UP Home and Contents Insurance policy provides the following additional features and benefits.

 
  • Eco-friendly insurance features

    GIO will pay up to $2,500 to install a rainwater tank solution or solar powered heating facility if we are rebuilding or repairing more than 80% of your home, and they were not part of your home before your claim.

    GIO will replace your damaged white goods with ones that have a minimum 3 star energy rating, even if your white good had a lower rating. These include your fridge, freezer, washing machine, dryer, dishwasher and air conditioner.
  • Additional features at no extra cost

  Home Contents
Removal of debris
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(up to 15% of home sum insured)
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(up to 10% of contents sum insured)
Automatic sum insured adjustment
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Extra costs to comply with the latest home building regulations
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Replacement of locks when keys are stolen up to $500
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Extra cover to install a rainwater storage or solar powered heating facility up to $2500
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Spoilage of food up to $500
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Cover for contents when you are moving to a new home address in Australia
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Contents temporarily removed from your home to a hotel or motel up to 180 days
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Extra costs to re-establish important documents up to $500
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Mortgage discharge costs up to $1,000
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Accessories and spare parts of vehicles and craft up to $500
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Uninsured contents owned by grandchildren up to $2,000 and other visitors up to $500
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Credit or financial transaction card cover up to $1,500
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Home modifications where an insured incident causes paraplegia or quadriplegia up to $5,000
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(if you live in a unit)
Funeral expenses due to an insured incident up to $5,000
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Identity theft up to $1,000
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Legal liability cover up to $20 million
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tick icon Additional feature is covered by your policy
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Discounts

GIO offers a range of discounts* and ways to help you save on your GIO 55UP Home and Contents Insurance

 
  • Get a 10% online discount

    Receive a 10% discount on your 55UP home and contents insurance policy when you get a quote and buy your insurance online. To get a quote click here.
  • Combined Home and Contents discount

    Receive a 15% discount off your premium when you combine your home and its contents onto one policy.
  • Over 55’s discount

    GIO offers customers who are 55 years of age or over a 10% discount (applies to your usual place of residence and owner occupied holiday homes).
  • Seniors card discount

    GIO offers Seniors Card holders an additional discount of 6% off their home and contents insurance (applies to your usual place of residence and owner occupied holiday homes).
  • Home security

    Installing extra security at your home may also reduce your premium.
  • Multi-policy discounts

    Receive a 5% discount off your premium if you hold 3 or more eligible insurance policies with GIO. Click here for details of eligible policies.
  • Increase your excess

    By increasing your excess within the range of excess amounts we offer, you can reduce your premium.
 
 

Optional Covers

GIO also offers a range of optional covers with our 55UP Home and Contents cover that may be available to you depending on your circumstances.


  • Accidental damage

    You will be covered for accidentally losing or breaking something in the home. For example, we cover damaged tiles when you accidentally drop a saucepan on them, bench tops when they are scorched by a hot object, carpet when you accidentally spill red wine on it and paintings when they fall off a wall.
  • Motor burnout

    You will be covered for the replacement of household electric motors less than 11 years old, which are part of the insured Home or Contents. Examples include electric motors in a pool pump, refrigerator, air conditioner, dishwasher and washing machines.
  • Injury to pet dogs and cats

    Your pet dog or cat will be covered up to $500 for necessary veterinary treatment if they are injured in an accident. Examples of injuries covered include shoulder, leg, muscle or ligament sprains, accidents with vehicles, injuries from falls and tick and snake bites.
  • Mortgagee’s interest

    You will be covered for the outstanding amount of the mortgage on your unit if the building containing your unit is damaged by an insured event and the building cover falls short, and the mortgagee claims on you.
  • Domestic Workers Compensation (only available in ACT and WA)

    We cover workers compensation on your domestic employees (e.g. a babysitter, domestic cleaner etc) if your employee is injured while working for you.

Policy Documents

55UP Home & Contents Insurance Product Disclosure Statement
55UP Home & Contents Insurance Product Disclosure Statement
55UP Home & Contents Insurance is issued by GIO General Limited ABN 22 002 861 583. Please read the Product Disclosure Statement (PDF, 2442KB) before you make any decision regarding this product. Contact us for a copy.

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*Discounts are not applied to the Domestic Workers Compensation Optional cover