This type of insurance is a lower cost alternative to actual replacement cover. If your house is damaged or destroyed, it will be repaired or rebuilt up to an agreed value (the sum insured).

Other benefits include:

• No excess when you claim for accidental breakage of windows and bathroom fittings. You also won't lose your no claims discount either.
• Stress payment of $1,000 if you have a total loss claim.
• Up to $1,000 to replace stolen keys and to alter locks, with no excess to pay or loss of no claim discount.
• Up to $1,000,000 cover for legal liability as a homeowner.
• You're covered for the cost of accommodation or loss of rent up to $12,500 if your house is not liveable after damage.

Discount opportunities and payment options.

• No claim discount of up to 40%.
• Discount for a professionally installed burglar alarm.
• You can choose to pay fortnightly, monthly or annually by credit card or direct debit.
• You will qualify for a package discount if you also have contents or motor vehicle insurance with us.
• Your package discount will be higher if you are over 55 years old.