Insurance for Homeowners
General insurance guidance for homeowners considering how to protect their family in the home.
For many Australians, the family home represents a significant ongoing financial commitment. Personal insurance is one way some homeowners consider managing the financial impact of illness, injury or the loss of an income earner on their ability to maintain mortgage repayments and meet other commitments.
Default cover provided through superannuation is generally set at a standard level and may not reflect mortgage size or individual circumstances. Reviewing existing cover periodically is one way some homeowners consider whether it continues to align with their situation.
How we work with homeowners
Mortgage-aware discussions
We can help you think through how outstanding mortgage balances may factor into the level of personal insurance you consider.
Income protection considerations
Income protection is one option some homeowners consider, given mortgage repayments and other household expenses generally continue regardless of an inability to work.
Cover that adapts as circumstances change
We can review your cover periodically to consider whether it continues to align with your situation as your mortgage and circumstances change.
Total and Permanent Disability (TPD) considerations
We can outline how Total and Permanent Disability (TPD) cover may apply if you are unable to work permanently.
How we work with homeowners
We start with a conversation. Some things to consider are your outstanding mortgage and other debts, household income and existing cover.
From there, we can outline the personal insurance options available across the market and explain how key terms and definitions can affect cover.
We can also review your cover periodically as your circumstances change.
Cover Options for Homeowners
We help homeowners find the right combination of cover from these four types of insurance.
Life Insurance
A lump sum for your family if you pass away or are diagnosed with a terminal illness.
Learn moreIncome Protection
Replaces up to 70% of your income if illness or injury stops you from working.
Learn moreTotal Permanent Disability (TPD)
A lump sum if you become totally and permanently disabled and can no longer work.
Learn moreTrauma Insurance
A lump sum on diagnosis of a critical illness like cancer, heart attack, or stroke.
Learn moreCommon Questions from Homeowners
Ready to Protect What Matters?
If you would like to understand the personal insurance options available to you as a homeowner, you are welcome to book a free, no-obligation conversation.
* Statistics and figures referenced on this page are sourced from Rice Warner Underinsurance Reports, ABS Lending Indicators, ASFA, and industry publications. Figures are approximate and individual circumstances vary.