Product overview
Property Insurance explained
Property Insurance covers the cost of repairing or rebuilding your home or commercial building, plus replacing damaged contents. Cover scales from individual tenant policies to multi-unit landlord portfolios.
What is Property Insurance?
Property Insurance covers loss or damage to physical buildings and their contents arising from insured perils — typically fire, lightning, explosion, storm, flood, burglary and impact. Liability extensions protect you from injury claims by visitors.
Why you may need it
- Rebuilding cost is usually higher than market value — one fire can wipe out years of savings.
- Contents cover protects everything from furniture to electronics.
- Required by most mortgage lenders.
- Public-liability extension protects you from visitor injury claims.
Cover types
- Home Owners (building + contents).
- Tenants (contents only).
- Landlord (rental properties + rent default).
- Builders Liability (construction sites).
- Occupiers Liability (commercial spaces).
What you need to apply
- Property address and building type.
- Estimated rebuilding cost (not market value).
- Estimated contents value.
- Recent valuation report, where available.
Common exclusions
- Wear and tear, gradual deterioration, dampness.
- Damage from war, civil unrest, or nuclear risks.
- Properties left unoccupied for more than 30–60 days.
- Personal belongings outside the insured premises.