Do I have contents cover? Can I add or change it?
Your contents cover depends on the type of insurance you have with initio. Some policies include it automatically, while others give you the option to add it. If you’re unsure about your current cover, you can check your initio dashboard.
Own home insurance (owner-occupied home)
You can add contents cover anytime. The minimum sum insured is $60,000, but you can choose a higher limit—up to $350,000.
Landlord insurance (rental property)
Your policy automatically includes contents cover for landlord chattels (items left at the home for tenants to use). This provides up to $20,000 of cover, which is a standard part of our landlord policy and cannot be removed. However, you can increase the cover anytime, up to $60,000.
Holiday home insurance (including homes sometimes let out)
Contents cover is included for items usually kept at the holiday home—like furniture, TVs, and general homeware—up to $20,000. This is a standard part of the policy and cannot be removed, but you can increase the cover anytime, up to $220,000.
Note: Personal items you take with you—such as phones, cameras, and handbags—aren’t covered under your holiday home policy. Instead, these are covered under your contents insurance policy for your usual residence.
Making changes to your contents cover
You can adjust your contents cover anytime through your initio dashboard using the “Change” option.
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