Keeping your most valuable asset covered inside and out

What is Home & Contents Insurance?

Home insurance can protect you from financial risk if your home is damaged or destroyed, and can also cover your home’s contents if they are damaged, lost, or stolen. You can take out cover for specific listed events only or for wider accidental damage cover, depending on your needs.

Why do I need it?

If your home and its contents were damaged or destroyed in a natural disaster or accident, or all your valuables were stolen, could you afford to replace them?
If not that’s where we can assist you .
Home and Contents insurance can even protect you against legal liability if someone is injured or killed on your property.

Residential property worth up to 63 billion is at risk ( from climate change ) - and we believe this is likely to be an underestimate

( the climate institute, 2016 )


Approximately 9 % of home owners don’t have building or contents insurance ( Dr Richard Tooth ” Australian household insurance – understanding and affordability” – Feb 2012

1Billion $

The estimated property loss from 140,000 claims across five catastrophic events in 2015 ( Insurance council of Australia 2016 )


Approximately 1 in 30 homes are burgled in Australia each year ( Australian institute of criminology, 2013 )

What can Home & Contents Insurance Cover?

Home and contents insurance can provide you with extensive protection if your home suffers loss or damage – with a number of additional benefits included automatically. You have a choice of options, wth different levels of cover and inclusions available.
The exact cover you can receive depends on the policy that you take out . But to give you an idea, here are some of the benefits a Steadfast Direct home insurance policy may include.

Potential Benefits

  • A safeguard of up to 30% extra of your total sum insured, so you can feel confident you won’t be caught short if you have to rebuild  ( doesn’t apply to base listed events policy)
  • Cover for accidental  breakages, damage caused by failing trees a storm or the impact of a car.
  • Automatic cover for flood and cover for fire or explosion
  • Cover for Earth quake, Tsunami, lighting strikes, storm rainwater, hail and wind and water damage from certain leakages.
  • Cover for burglary or theft, caused by forced break-in and vandalism or malicious damage
  • Liability cover up to 30 Million for injury or loss of life to a third party, or loss of a third party’s property on a building you occupy or own.
  • Automatic inflation adjustment to your buildings and contents sum insured.
  • An extra 20% of your total sum insured to cover accommodation  costs, if you need to move out while your home is being repaired or rebuilt
  • Environmental upgrade cover- up to $5,000, and extra costs of rebuilding to meet statutory requirements – up to $25,000
  • Catastrophe cover up to an additional 30 % of the building sum insured, for declared natural disasters.

What Usually Isn't Covered?

Each policy is different, but generally, you won’t be covered :

  • If your home is unoccupied for more than 100 continuous days (90 days for the listed event and base listed events wordings)
  • For rust, corrosion, gradual deterioration, depreciation or wear and tear
  • For damage caused by rats, mice or insects

There are other exclusions that will be pointed out within the PDS of the product that is selected. In addition to the above exclusions, there is a deductible/excess.

Case study

During the 2017 northern NSW floods, Michael’s family home, and all its contents were severely damaged by floodwaters. Fortunately, Michael had taken out Home Insurance.
His Steadfast direct home insurance policy included automatic cover for flood, so it covered the costs of repairing the damage that floodwaters had done to the walls and floors of his home.
It also covered the cost of replacing his furniture and white goods. And, because he and his 2 children had to move out while his home was being repaired, his policy took care of the costs of living in rental accommodation during this time.

Product disclosures statement( PDS )
A PDS is available from us. You should consider the PDS in deciding Wether to acquire or continue to hold a Steadfast direct home insurance.

Important note: This information is provided to assist you in understanding the terms, implications and common considerations with this type of insurance. It does not constitute advice, and is not complete, so please discuss the full details with us.

Sentinel Risk managers Pty Ltd
Home Insurance Application Form

  • Please answer all questions. Blanks and/or dashes, or answers “known to underwriters or brokers” or “N/A” are not acceptable and will delay processing of this application.
  • If there is insufficient room to complete a question, please attach a signed & dated addendum.
  • Any documents attached to this document form part of this application.
  • Where appropriate, please tick the yes or no box which best indicates your reply.

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