Content insurance provides contents insurance cover for renters, designed to cover any personal belongings and contents owned by you at your rental home such as furniture, appliances, computers, clothing and shoes.
Contents Insurance covers your general contents and belongings against loss or damage caused by insured events. Accidental damage cover is also available to purchase which helps protect you against accidental unexpected mishaps that are caused unintentionally.
Cover for loss or damage to your contents caused by storm, storm surge*, cyclone*, rainwater or run-off (provided run-off is not combined with flood waters).
*A 72-hour exclusion period applies for loss or damage caused by storm surge or cyclone.
Cover for loss or damage to your contents caused by flood* and flood water* (combined with run-off and rainwater).
*A 72-hour exclusion period applies for loss or damage caused by flood or flood water combined with run-off and rain-water – see the PDS for full details.
This is a summary only of some of the features available on the Territory Home Insurance policy. Terms, conditions, limits and exclusions apply. Before making a decision please consider the relevant Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (where applicable) and Home Contents Key Fact Sheet, which is also available for reference.
When you take out contents insurance, it’s important that the insurance value you nominate (known as your 'sum insured') accurately reflects the actual amount it would cost to replace your belongings. If you’re insured for less than the replacement value, you may have to pay the difference.
Home Contents Replacement Cost Calculator
For home owners and renters
The calculator will estimate a replacement cost by using the general information about your contents provided by you. The estimate may not be appropriate for you and you will need to assess its suitability given your knowledge of your contents. It is your responsibility to ensure that the level of cover will be adequate to replace your contents in the event of a covered claim. Terms, conditions, limits and exclusions apply. Before making a decision, please consider the relevant Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (where applicable) and Home Contents Key Fact Sheet, which is also available for reference.
If you’re renting or a tenant, and you want to be covered for the cost of repairing or replacing your contents (such as furniture, whitegoods, electrical appliances or clothing) then you should consider contents insurance. If you are unsure of the value of your belongings, you can use our contents calculator to help estimate the amount.
The calculator will estimate a replacement cost by using the general information about your contents provided by you. The estimate may not be appropriate for you and you will need to assess its suitability given your knowledge of your contents. It is your responsibility to ensure that the level of cover will be adequate to replace contents in the event of a covered claim. Terms, conditions, limits and exclusions apply.
Before making a decision, please consider the relevant Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (where applicable) and Home Contents Key Fact Sheet, which is also available for reference.
If you have contents insurance, here are some examples of how contents insurance can work if you suffer an insured loss:
TIO is based in Darwin and our strength lies in our solid understanding of the conditions faced within the Territory year after year.
1. 72 hour exclusion period for loss or damage occurring from cyclones, storm surge or floods.
To manage the risk of people taking out insurance on their uninsured home buildings or contents or increasing cover on their underinsured home buildings or contents when events such as cyclones, floods or storm surge are predicted, a 72-hour exclusion period applies to some insured events. We do not provide cover (where the type of cover you have under the policy provides it) for any loss of or damage to your property caused by cyclone, flood or storm surge, during the first 72 hours after you first take out or increase the cover under the policy. However, you will be covered from the time you take out or amend your policy for loss or damage to your buildings and/or contents caused by other insured events.
2. Alternative accommodation
Based on your building’s rentable value prior to the damage, up to 10% of Contents sum insured, up to a maximum of 12 months and up to $500 for your pets. This is a benefit we pay in addition to your contents sum insured. No excess applies to this benefit.
3. Portable Contents
Some portable contents must be specified on your policy schedule as Listed Portable Contents in order to be covered.
Terms, conditions, limits and exclusions apply. Before making a decision please consider the relevant Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (where applicable) and Home Contents Key Fact Sheet, which is also available for reference.