Contents Insurance for Renters

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

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? Allianz Contents Insurance for Renters through Credit Union SA 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, storm⁷, and flood⁷.
Cover for contents intended to be kept outside, like your barbeque, outdoor furniture and children’s play equipment up to $2,000 in total.

Up to 10% discount (if applicable)¹ᶥ⁴

Save up to 10% on your first year’s premium when you quote and buy a new contents insurance policy online^1,4

No Claim Bonus

You may qualify for up to 30% No Claim Bonus^3,4

Option to increase your excess

Option to increase your excess which may reduce your premium⁵

Pay by the month at no extra cost⁶

Features and Benefits

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 Sheet (KFS) also sets out some information about the cover.

Cover when you’re moving

Allianz Contents Insurance for Renters through Credit Union SA 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, Allianz Contents Insurance for Renters through Credit Union SA 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, Allianz Home and Contents Insurance through Credit Union SA 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.

Emergency contents storage

If your home buildings are damaged by an insured event and is unable to be lived in, Allianz Contents Insurance for Renters will reimburse the reasonable costs to move and store your contents for the time necessary to repair or rebuild your home building or until you find alternative accommodation, up to a maximum of 12 months and the remaining balance of your contents sum insured after payment of claim.

Food or medicine spoilage

If your refrigerator or freezer breaks down and you lose your perishable food or medicine as a result, Allianz Contents Insurance for Renters through Credit Union SA 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

Allianz Contents Insurance for Renters through Credit Union SA 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.

Cover for the unexpected

Allianz Contents Insurance for Renters offers cover for out of the ordinary but devastating events such as fire⁷, including bushfire⁷ and grassfire⁷, earthquake⁸ and burglary.

Cover for storm damage

Covers loss or damage caused by storm, cyclone⁷ or rainwater but this does not include run-off.

Legal liability

Allianz Contents Insurance for Renters through Credit Union SA 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

Allianz Contents Insurance for Renters through Credit Union SA 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.

Optional Cover

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 that are less than 10 years old. 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.

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Policy Documents and Key Fact Sheets

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 Sheets (KFS) also available for reference.

Home Contents 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.

Home Contents replacement calculator

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Quote online

Call Credit Union SA on 13 8777 to get a quote.

Make a claim

Need to make a claim? Lodge your claim 24/7 using the online claims form or call 1300 555 030 for claims service.

INFORMATION YOU SHOULD KNOW

Credit Union SA Ltd ABN 36 087 651 232, AFSL/Australian Credit Licence Number 241066 arranges this insurance as an agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits, and exclusions apply. Before making a decision, please consider the relevant Product Disclosure Statement available from terms and conditions or by calling 13 8777. The relevant Target Market Determination is available by calling 13 8777. If you purchase this insurance, we will receive a commission that is a percentage of the premium. Full Details of the commission are set out in the Financial Services Guide. Ask us for more details before we provide you with services.

¹Online Discount When you both quote and buy a new home insurance policy online a discount of up to 10% is applied to your first year’s premium. This discount is not applied to Domestic workers’ compensation (if available and selected), or upon renewal. Minimum premiums may apply.

³No Claims Bonus When you take out a new policy, we calculate your No Claims Bonus (NCB) based on your home or landlord (as applicable) insurance claims history. To qualify for the maximum No Claim Bonus of up to 30%, home insurance customers must have had no Building or Contents insurance claims in the preceding 5 years. Landlord customers must have had no Landlord insurance claims in the preceding 3 years. However, customers who have had claims may still qualify for a reduced No Claim Bonus. We won’t apply the full percentage of the No Claim Bonus if it results in you paying less than the minimum premium. The No Claim Bonus isn’t applied to the flood component of the premium (if covered) or Domestic workers’ compensation (if available and selected) or Portable contents (if selected).

⁴Minimum Premiums Where discounts are applied, your premium is subject to rounding. If more than one discount applies, they’re applied in a predetermined order, so the later discounts apply to the amount already reduced by the earlier discounts instead of the total amount. Discounts do not apply to government taxes and charges.

Most discounts won’t apply below the minimum amount payable for the policy.

⁵Option to change your excess Not available with respect to any additional compulsory excess, any imposed excess applied to the policy, or to the Portable contents excess (if Portable Contents is selected). Any reduction in premium won’t be applied to government taxes and charges, any flood component of the premium (where covered), or to the optional covers Portable contents (if selected) and Domestic Workers’ compensation (if available and selected). Minimum premiums may apply.

⁶Instalment premiums If you choose to pay your premium by instalments, you do not pay us any more than if you pay your premium in one lump sum annually. The premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding. Note: Your financial institution may apply transaction fees to instalment payments.

⁷72 Hour exclusion period We may not provide cover for any loss of or damage to your property caused by cyclone, flood, flood water combined with run-off and/or rainwater, grassfires and bushfires during the first 72 hours after you first purchase a policy or increase your cover under an existing policy. Refer to PDS for when exclusion periods apply.

⁸Earthquake excess An additional imposed excess amount of $250 applies for each claim or loss or damage caused by an earthquake or tsunami, or a series of earthquake or tsunamis, during any period of 48 consecutive hours.