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  • Writer's pictureAmanda Bird

Home & Contents Insurance and the Common Issues Linked to It

Many people dream of owning a home, but few get the opportunity to do so.

If you're part of the homeowner population, you likely want your house to remain safe and sound. However, like most things in constant use, it may wear down eventually, resulting in issues in some of its key areas.

Before reaching that point, you should consider getting home & contents insurance to alleviate some of your worries regarding your humble abode.

What Is Home & Contents Insurance?

Home insurance is protection against financial loss resulting from specific perils that could befall your home. A policy typically covers your home, its contents, and any additional structures such as a detached shed or pool.

Applying for home insurance is one of the best ways to protect your family against potential disasters.

In most instances, it's a contract between you and insurance brokers. Your chosen insurance policy provides your home with all the protection it needs, and you pay the insurance broker a designated amount of money.

Why Do You Need Home & Contents Insurance?

While you have likely paid off your home, it's still an asset that you wish to cover. You don't want to lose your home due to fire, water damage, or other unforeseen circumstances.

Things out of your control may also happen to your home over time, such as termite damage or rotten tree branches.

Regardless of what happens, your home insurance will kick in to provide you with the help you'll need to restore your home.

What Are the Common Issues Covered by Home & Contents Insurance?

Home & contents insurance covers a wide range of perils, which can vary depending on insurance brokers and policies. Some of the most common issues that your home may encounter that insurance covers are the following:

1. Water Damage

A sudden downpour or a neighbour's sprinklers can cause a lot of damage to your property if you don't take appropriate measures to protect it.

Flooding can destroy your home's structure and its contents, causing you to lose your belongings and any equity you have accumulated on the house.

Another example is when blocked or broken gutters and downpipes allow water to soak into your walls and ceilings. If left unchecked, the water can cause wood to rot and lead to mould and mildew growth.

2. Theft or Vandalism

Do you want to protect your belongings from thieves and vandals? Home & contents insurance policies can help you do just that.

For starters, it can aid you in replacing your stolen possessions, including items like your electronics, jewellery, and even your furnishings.

If your home becomes the target of vandalism, you can use your home & contents insurance policy to repair or replace damaged walls, ceilings, and fixtures. You can also use it to pay for any other expenses arising from the incident, like any costs for a locksmith or police report.

3. Natural Disasters

Natural disasters can threaten your home in unexpected ways. Floods, fires, and earthquakes can damage your home beyond repair.

Thankfully, your home & contents insurance can help you get everything fixed.

If you live in an area prone to hurricanes, tornadoes, winter storms, and earthquakes, you'll especially want to invest in insurance. It can help you save plenty of money in the future.


As a homeowner, you want to protect your property from all kinds of risks that can ruin your home and its contents. The best way to avoid the need for such actions is to take preventative measures. Investing in home insurance is one of the best ways to protect your home along with your most prized possessions.

If you're a homeowner that wants peace of mind, you can get the protection your home needs with home & contents insurance from New Wave Insurance. Our insurance policy covers your assets and home in the Gold Coast, QLD. Contact us today to learn more about home & contents insurance.

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