Owning your own home can be expensive and stressful at the best of times. Whether you are living in it or renting it out, the last thing that most people want to think about is what would happen if their home was damaged or destroyed. Unfortunately without having sufficient protection, you could be liable for the costs of repair in the event your home is ever damaged. Sum-insured cover is an alternative to total replacement cover that allows you to select insurance up to a specific amount set by you. This means you can ensure your family or tenant’s home is protected, whilst also saving on the upfront costs on your policy.

Sum-insured cover will normally include any costs associated with:
• Full building replacement
• Natural disasters, such as floods and bushfires
• Accidental damage
• Theft
• Motor burnout