Contents Insurance for Renters

Insure your belongings if you live in a rental property for loss or damage from insured events such as theft, fire⁷ and storm⁷.

• Save up to 10% on your first year’s premium when you quote and buy a new contents insurance policy online^1,4
• You may qualify for up to 30% No Claim Bonus^3,4
• Option to increase your excess which may reduce your premium⁵
• Pay by the month at no extra cost⁶

Getting the right cover for your contents while you live in somebody else’s property is easy with Police Credit Union Contents Insurance for Renters.

If you are renting, have you considered how much it would cost to replace all the contents in your home if they were destroyed by fire⁷ or storm⁷? Or in the event of theft or burglary? Police Credit Union Contents Insurance for Renters can help you insure your belongings from loss or damage caused by insured events such as fire⁷, theft and storm⁷.

• Cover for your belongings from damage caused by fire⁷, theft and storm⁷
• Cover for contents intended to be kept outside, like your barbeque, outdoor furniture and children’s play equipment up to $2,000 in total.

The better you understand your policy, the easier it will be if you ever have to claim.

Here is a limited summary of the benefits of a contents insurance policy. For full details of the standard terms, conditions, limits and exclusions that apply, please read the Product Disclosure Statement (PDS), any applicable supplementary PDS before deciding to purchase the insurance. The Home Contents Key Fact Sheets (KFS) also sets out some information about the cover.

Cover when you’re moving

Police Credit Union Contents Insurance for Renters will cover your contents for loss or damage caused by an insured event both at your new and old address for up to 14 days after you first start to move. No cover is provided for loss or damage whilst contents are in transit (unless you have Accidental Damage cover).

Alternative accommodation for you and your pets

If your contents are damaged by an insured event during the period of insurance to such an extent that you can’t live in your home buildings, Police Credit Union Contents Insurance for Renters will pay the additional costs for temporary accommodation based on your building’s rentable value prior to the damage, up to 10% of the contents sum insured and up to $500 for temporary accommodation for your pets in a commercial boarding establishment. This benefit applies up to a maximum of 12 months.

Debris removal

In addition to your contents sum insured, Police Credit Union Contents Insurance for Renters will pay up to 10% of the contents sum insured for the removal of debris from the home building if your contents are damaged or destroyed by an insured event.

Food or medicine spoilage

If your refrigerator or freezer breaks down and you lose your perishable food or medicine as a result, Police Credit Union Contents Insurance for Renters will pay for you to replace it. If you claim for this benefit, excess will apply. If the spoilage is due to a natural disaster (declared by Allianz, the government or the Insurance Council of Australia ) the maximum Allianz will pay is $500. No excess will apply.

Guest, visitor and domestic helper property

Police Credit Union Contents Insurance for Renters will also provide cover for property belonging to your guests, visitors and domestic helpers up to $5,000 (included in your contents sum insured) if it is lost or damaged as a result of an insured event that you are claiming for.

Legal liability

Police Credit Union Contents Insurance for Renters will cover your legal liability up to $20 million for payment of compensation relating to death, bodily injury or illness, and/or physical loss of or damage to property caused by an accident (or series of accidents). If you have Contents Cover, it does not cover any legal liability you may incur as owner of the buildings unless the buildings are defined as a lot.

Accidental breakage cover for your rental property

Police Credit Union Contents Insurance for Renters will cover you for accidental breakage of a fixed glass or ceramic item like a window, cooking surface, sink or toilet if you are legally liable as a tenant to pay for the breakage.

Apply to add any of these optional covers for an additional premium and greater cover.

Optional cover – Accidental Damage

The Accidental Damage cover option helps insure you in the event of accidental unexpected mishaps that are caused unintentionally – giving you greater coverage for your home contents.

Optional cover – Portable contents

Optional cover to insure your portable contents such as mobile phones, cameras and engagement rings in the event of theft or an accident at the insured address and when you take them out of your home, even when you are temporarily outside Australia for up to 120 continuous days in any period of insurance. Some portable contents must be specified as Listed Portable Contents with the full replacement value to be covered away from the home.

Optional cover – Motor burnout

The Motor burnout option covers you if an electrical current damages your household electrical motors. This cover is automatically included if you have taken optional Accidental Damage cover.

Optional cover – Domestic workers’ compensation cover

Cover for a domestic worker (e.g. gardener or cleaner) if they are injured while working for you at the insured address. Only available in ACT, WA and TAS.

Home Contents Replacement Calculator

It’s up to you to decide the sums insured, and the type and level of cover that you want to take out. People generally want enough insurance to cover the property’s estimated replacement value. If you don’t have enough cover, you could end up having to cover some of the costs yourself. Remember, Allianz will only pay up to the amount of your loss or the sum insured, whichever is the lesser (subject to the policy terms and conditions) – so you should also be careful not to over insure. That’s why we’ve provided this calculator. It works as a guide to help you estimate the replacement value of your home contents.

Value my contents 

Do what you reasonably can to prevent any further loss, damage or liability. Tell the police as soon as reasonably possible about any malicious damage, theft, attempted theft, burglary or loss of insured property. Contact the Claims Call Centre on 1300 555 030 and advise the Claims Consultant of what has happened: the Claims Consultant will help you through the renters insurance claims process.

In order to be sure that you are covered under this policy you should always contact Allianz for approval before you incur expenses you wish to claim. If you do not, Allianz will pay for expenses incurred to the amount Allianz would have authorised had you asked Allianz first.

We do not provide advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please refer to the Home Product Disclosure Statement (PDS) any applicable supplementary PDS and Home Contents Key Fact Sheet also available for reference.