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You don't need to specify how much it would cost to rebuild your home. This calculator has some questions included that you may not find in other calculators, which will impact the estimate that is calculated. Underinsurance may lead to financial loss and hardship if an unexpected accident happens – Here’s what you can do to avoid it. AAMI offers a few different Home Insurance options, making it easy to find one that suits your home. 'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others.
Whether it’s a shower screen, window, fixed mirror or skylight, it can be expensive and time consuming to sort out. Offers cover for contents shared between multiples strata properties, such as washing machines, gardening equipment and shared gym equipment that doesn't belong to a unit owner or tenant, covered up to a chosen Sum Insured. The more info you can enter into the calculator, and the more accurate that info is, the more accurate your estimate will be. Building and material costs can fluctuate, and there are unique features of every home that can influence how much it will cost to rebuild.
Home & Contents Insurance
I did a lot of research on renter's insurance and found that this was the cheapest with the most flexible options . I plan on switching to AAMI's home and contents when we move into our new home soon, based on the price. Outside of the 21 day cooling off period, can cancel your policy at any time and receive a refund of the unexpired portion of the premium , less any non-refundable government charges. If the risk of damage to the property passes to you before the property settlement, consider arranging home insurance as soon as you're able. The exact date on which responsibility for property damage passes from seller to buyer varies depending on which state you're in, and what terms are stipulated in any given contract.
Compulsory Third Party Insurance and Motor Accident Injuries Insurance policies are not eligible for a discount, but will count as an eligible first policy, enabling you to receive the discount on a second eligible policy. You have 21 days from when your policy begins to change your mind. If you choose to return your policy within this period and haven’t made a claim, you can get a full refund . If you've taken out a home loan to purchase your property, your provider may insist on adequate home insurance as a condition of the loan. If you're in this situation, you should check any requirements with your lender. Both AAMI Home Insurance and AAMI Contents Insurance — and, of course, our great value combined Home and Contents Insurance — include cover for damage caused by floods.
Clothing and Personal Items
Unless you take out extra cover for these sorts of items, they won’t be covered by your policy if they're lost or damaged while outside of your home. We suggest insuring your contents for the amount you think it will cost to repair or replace them, in case you ever need to. The amount you choose is known as your sum insured and, once you've taken out your policy, it will be listed on your certificate of insurance. This calculator can help you work out the estimated rebuild cost of your home to help you choose your sum insured.
Up to 10% of the building sum insured and the longest period that can be claimed for is 52 weeks, for unit owners if their unit is damaged and their tenant can't live in it as a result of an incident covered by the policy. You specify a sum insured on your policy, which should reflect how much it’d cost to rebuild your house. If the house is damaged in an insured event, this amount is the maximum we’ll pay to rebuild or repair it. These are the events that you can make a claim for, if they cause loss or damage to your home or contents . There are limits, conditions and exclusions which apply, so check out the policy documents to make sure you’re up to speed.
Contents Insurance Calculator
Estimate the replacement cost of your home’s contents and determine how much contents cover you may need. If you have some especially valuable items, like jewellery or artworks, you can specify them on your policy to ensure they're covered up to their full value. AAMI Home Assist does not cover preventative services, such as the removal of property, rubbish or debris. If the motor in one of your fixed appliances burns out and that appliance is less than 7 years old, we'll help you take care of repair or replacement. Covers you for a reduction in your business revenue as a result of damage to your property by an insured event. Covers you for the professional fees incurred if your business’s financial or tax affairs are audited by an authorised authority.
Extra cover for mobile phones, laptops, bicycles, handbags and a range of other items that you're likely to take outside your home. This is included as standard with AAMI Home Insurance policies.
We cover the building for accidental loss and damage at the insured address during the period of insurance. If there’s more than one building on your block of land, or your building shares a wall or other common property such as a driveway or rooftop garden, then you probably need Strata Insurance. AAMI offers cover for properties with two to 10 buildings, with optional cover for shared contents such as washing machines and gym equipment. To avoid being underinsured, your home and contents sum insured should reflect what it would cost to rebuild your house or replace your contents at today’s prices. If your claim for loss, theft or damage to your contents is covered, your contents may be replaced, repaired or we may pay you. We will aim to use a member of our supplier network to repair or replace damaged contents.
If you decide to apply for a product you will be dealing directly with that provider and not with Mozo. Mozo recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. Target Market Determinations can be found on the provider's website. For more information please see Mozo's FSG, General advice disclaimer or Terms of use.
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product. If you own a property that shares walls or property, such as an apartment or townhouse, you can consider Strata Insurance. Strata Insurance provides cover for damage caused by insured events to buildings with shared property, as well as shared areas like driveways and stairways.
Add cover for those portable items that might be accidentally damaged at home or while you’re out and about, like smartphones, handbags, laptops, and so on. AAMI Home Assist does not cover general maintenance, such as the provision or replacement of windows, doors, glass, tiles, carpets and of fittings and fixtures. Other exclusions apply - please read the Home Assist Terms & Conditions. The longest period we will pay for one incident is 52 weeks and the most we will pay in total is up to $25,000 if your property cannot be lived in as a result of an incident covered by the policy.
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While specifying a lower sum insured may save you a few bucks on your premium, it could leave you out of pocket if you ever need to make a claim. Please note that the calculator is intended as a guide only and not intended to be relied on for the purpose of making a decision in relation to purchasing our products. The calculator might include questions that you may not see in other calculators. Consider whether you need a professional valuation from an architect, builder or other valuation expert. To help you estimate the rebuild cost of your home and new for old replacement cost of your contents you can use the Building Calculatorand Contents Calculator. If an insured event causes food or medicine to spoil—for example, if a storm knocks out power to your fridge - we'll cover the cost, up to $400.
