Home and contents insurance from CGU

CGU home insurance gives you the freedom to choose from two levels of cover, so that you have the right insurance to suit your needs.

Accidental damage home insurance

This top-level cover offers you a higher level of protection for your valuable home and contents, protecting your property not just against basic risks, but for accidental damage or loss as well.

Accidental damage home insurance covers you against every kind of risk that is not specifically excluded from your policy—for example, if you drop your TV, spill red wine on the carpet, or damage furniture.

Listed events home insurance

Listed events home insurance provides you with cover against major perils including fire, explosion, burglary, earthquake, storm, rainwater or wind damage, and impact by vehicles, watercraft, aircraft or falling trees.

The protection provided under this cover is comparable if not more generous than many other home and contents policies. However, it still provides a traditional cover compared to the top-of-the-line accidental damage home insurance policy.

Valuing your home and contents

Making sure you have the right home and contents cover is essential for protecting your hard-won assets. Under-valuing your home and contents can mean you’re buying an insurance policy that just won’t give you the comprehensive cover you need at a critical time. When choosing your insurance, make sure you have the right level of cover to suit your individual needs.

For further information, talk to Tassie Home Loans, or refer to the CGU Product Disclosure Statement and Policy, available at any branch of Tassie Home Loans or CGU Insurance Ltd.

Tassie Home Loans ABN 34 062 834 048 is an authorised representative of CGU Insurance Limited ABN 27 004 478 371. CGU is the issuer of the insurance.

This 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 any of these insurance policies, you should consider the appropriateness of it having regard to your personal circumstances, plus obtain and consider the current Product Disclosure Statement for the relevant insurance policy.

What does it cover?

Essential cover loan repayment insurance allows you to cover all or part of your loan repayment, providing you with the security of knowing that if something unforeseen happens, this major financial commitment will be taken care of.

Is joint cover available?

Many people prefer a joint mortgage insurance policy. This means that both people who share the responsibility of loan commitments can also share the protection of essential cover. The only requirement is that each partner is in permanent and gainful employment. Joint cover can be provided at a reduced premium for the second borrower.

Who can apply?

If you are between 16 and 59 years old, and in good health, you can apply for all covers.

How to apply

Essential cover is only available at the time you apply for a loan. So it’s advisable to consider the valuable protection of this product before your loan commences.

What we don’t cover

So that we can provide value for money protection and still keep costs to a minimum, we have some basic policy exclusions, including pre-existing conditions, self-inflicted illnesses or injuries, motor racing and drug or alcohol abuse (refer to actual policy for specifics on all exclusions).

The application form is simple. There are no questions about your health or medical history, unless your life cover is over $350,000, or you are between 50 and 59 years old and your life cover application is over $100,000.