How do I compare Home and Contents Insurance?

Ultimately, the level of cover you choose, and with who, is up to you. Comparing Home and Contents Insurance should be based on what you need cover for, like home, contents, personal valuables or landlord insurance. To compare Home and Contents Insurance, you can: Check what cover is automatically included in each policy you’re considering; Review any optional/additional covers available; Get a quote for the policy or policies you’re looking at; and Compare the quote and what it includes against other quotes you may have received.

What exactly are 'contents'?

Contents are household items that you own or are responsible for and use primarily for domestic purposes. That doesn’t include items permanently attached to your home or insured address (e.g. a unit you own and live in). Your contents can include, but are not limited to: furniture; furnishings; clothing; home computers and printers; unfixed electrical goods and appliances not housed in a cabinet; internal blinds; drapes and curtains; carpets and plants in pots; and medical equipment and aids. For more information about what is and isn't covered, or about what we consider contents insured in a unit, please read the Home and Contents PDS . LEARN MORE ABOUT CONTENTS INSURANCE

How is the cost of Home Insurance (my premium) calculated?

Your premium is calculated based on your sum insured (the amount you insure your home and/or contents for) along with many other factors, including: your circumstances your home and its contents the address of the insured home or unit; the amount you insure your home or contents for (sum insured); the type of insurance you have chosen (home, contents, or both); the level of cover you have chosen (Classic, Classic Extras or Platinum); any optional/additional covers you have chosen; construction material and other characteristics of the home or unit; the age of the oldest insured person on your policy; how the home or unit is occupied; and the standard excess you choose. Collectively, these are called premium factors. We use these premium factors to estimate the likelihood of you making a claim. We also consider other factors such as the cost of claims we’ve paid to other customers, claims we expect to pay in the future, changes in taxes, duties or levies, and our cost of doing business. For more detail, read our Home and Contents Insurance Additional Information Guide (AIG) .

How do I work out my sum insured?

It’s important that you choose the correct sum insured value, so that you will be covered adequately if you ever need to make a claim. It is your responsibility to make sure your home and contents are insured for their full 'new for old' replacement value. That means that if your home is damaged, or your contents are damaged beyond repair or stolen, you will be able to replace or repair your home or contents with new items or new materials regardless of age. You must make sure your sum insured is accurate not only when you first insure your home and contents, but also each time you renew your policy. It’s also important to review it regularly, being mindful of items purchased recently, and update your sum insured accordingly. To help you calculate the replacement value of your home and contents, use our Building Calculator and our Contents Calculator . LEARN MORE ABOUT HOME & CONTENTS INSURANCE

Home Insurance

Name: Home Insurance
Brand: GIO

Know what you're covered for with GIO Home Insurance, offering flexible options for home owners, renters and landlords. Whether you're an owner-occupier, a renter or a landlord, you know that your home is more than just four walls and a roof. Keep your home covered with Home Insurance, Home and Contents Insurance or Landlord Insurance, and feel confident knowing you have cover with GIO.

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GIO is the proud winner of Canstar’s 2024 Most Satisfied Customers - Home Insurance - NSW Award

Our Home Insurance Products

Home and Contents Home Building Contents Landlord Strata

COVER OPTIONS

Compare Home Insurance Products

Home and Contents Insurance

Covers a range of unexpected events, such as theft, fire (including bushfire) and floods. Know that your home is covered inside and out with GIO.

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BUY ONLINE AND SAVE

Get 10% Off Your First Year When You Buy Online!^*

Home Building Insurance

Covers damage to your house from a range of events. Includes a lifetime guarantee on authorised repairs and new-for-old replacement, so you can feel secure.

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COMBINE AND SAVE^{^}

Combine your Contents Insurance with Home Building Insurance for a discount of up to 15%.

Contents Insurance

Know that you're covered against theft, loss and damage to your contents - because your house isn't a home without the things inside it.

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COMBINE AND SAVE^{^}

Combine your Contents Insurance with Home Building Insurance for a discount of up to 15%.

Landlord Insurance

Covers events like fire (including bushfire), theft, flood and malicious damage. Also includes cover for loss of rent and tenant default. With GIO, you know what your property is covered for.

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MULTI-POLICY DISCOUNT^{*^}

Save 10% if you have three or more eligible GIO policies. View T&Cs

Multi-Policy Discount

Strata Insurance

Comprehensive cover for your residential building registered under a body corporate, strata, group or community title.

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OPTIONAL COVER

Optional covers for Home and Contents Insurance

Depending on the level of cover you choose these may be automatically included with your policy, or available to add on to your policy for an additional cost.

Portable valuables
cover

This also covers accidental loss or damage to specified items normally carried with you away from home anywhere in Australia or New Zealand, up to the sum insured which you choose for each individual item. Jewellery and watches only are covered anywhere in the world for up to 30 consecutive days, but only while being worn by you or in a secure safe. This optional cover is available with Classic and Classic Extras cover.

Safety net home
protection

If your claim is covered we will pay up to a further percentage of the home sum insured to:

repair or replace the home; or
pay you the amount quoted by a member of our builder supplier network to repair or replace the home

For example:

Classic and Classic Extras levels of cover provide up to a further 25% of the home sum insured. If your sum insured is $400,000, you'll be covered for an additional $100,000.

GIO Platinum cover provides up to a further 30% of the home sum insured. If your sum insured is $400,000, you'll be covered for an additional $120,000.

Motor burnout

Cover for electric motors in household equipment and appliances that are equal to or less than 10 years old when they burnout or fuse. This includes things like the motor in your freestanding fridge or a split-system air conditioner.

Accidental Damage
at home

This covers you if you lose, break or damage something accidentally at your home for example by dropping, knocking over or spilling something without intent.

Excess-Free Glass
(Home cover only)

When your claim is only for accidental breakage of fixed glass in windows, doors, skylights, shower screens and mirrors fixed to the home during the period of insurance, we cover the cost to replace that glass without you having to pay an excess.

GIO Home Assist
(Home cover only)

This is an emergency assistance service that provides you with plumbing, electrical, locksmith or carpentry services in the event of a home emergency. It is not a general maintenance or preventative service (for example, it doesn’t cover painting, or replacing light bulbs or tap washers) or a disaster response service. This cover is only available 24 hours after adding it to a new or existing policy.

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FAQS

Home Insurance