Contents Insurance

Often paired with home insurance, contents insurance is actually a separate policy covering the cost to replace household items and personal possessions. Household items include furniture, artwork, appliances (including laptops) and clothes, while personal items refer to jewellery and other possessions you may take outside your home with you.

A good tip is to create an online photographic inventory (stored in the cloud) of each room of your home, to work out what level of cover you need but also to refer to in the case of damage and/or burglary.

The options in contents insurance can include;

• Policy to cover value of items or opt for new-for-old
• Reduce policy premiums by including an excess payment
• Special cover for ‘collections’ and jewellery pieces.

It is vital to be thorough when evaluating your level of cover, and to be factual about your property security such as the presence of dead locks and security cameras to ensure there are no problems in the case of a claim.

Car Insurance

Buying a new car is a milestone event, regardless of whether it is your first, second or third! The research involved, test driving options, checking out cars on the road and reading reviews, is a very involved process. But often insurance comparisons are left out of the information gathering.

Depending on how you plan to use your car, your age, who else will drive the car, it is important to choose a policy to cover all possible scenarios. The various levels of car insurance generally cover the type of damage that may occur;

• Compulsory Third Party (CTP) is required as a minimum by law and covers damage to other people’s property (i.e. their car or home) and legal costs,
• Third Party, Fire and Theft includes CTP as well as some cover if your own car is damaged due to fire or stolen,
• Comprehensive insurance covers damage to your own vehicle and other people’s property if your car is involved in an accident or is stolen.

Your car insurance cover will be categorised as either agreed or market value which will affect the cost of the policy. An agreed policy includes a set value for your vehicle, while a market value policy relies on a valuation based on make, model and year.

If you are just setting out on the car buying journey, have a read of our Guide to Buying Your First Car

Guide to Buying Your First Car

Allianz Partnership

Loan Studio has partnered with Allianz Australia Limited to provide general insurance, so you have the peace of mind you are dealing with a trusted global company. Offering a wide range of insurance products, Allianz pride themselves as being leaders in the personal protection market as well as delivering a high level of personalised customer care. General insurance offered include;

• Home & Contents Insurance
• Landlord Insurance
• Car Insurance

View the range of services offered by Allianz Insurance or visit their website.

Read the brochure