Home and Contents Insurance

We will give you an initial guide to the replacement value of your house but you need to make sure you you choose an amount that reflects the cost to replace it with a new one.

You also need to include extra things like fences, driveways, and swimming pools. Include a provision for the inflation in the cost of materials and the cost to demolish and clean up the site. It is recommended that you use an online tool such as SumSure or obtain a valuation from a quantity surveyor such as CCC. See here for more information about a rebuild valuation.

Learn more about calculation the insured value of your home.

As we accumulate many contents items and personal effects over time it isn’t always easy to work out how much it would cost to replace everything.  One thing is for sure – its always more than you think.

The average 3 bedroom house has $105,000 of contents inside of it.  Couches, TV’s, Fridges, Clothing, Plates, Pens; it all adds up.
Also remember that its the replacement value of each item, so that TV of yours may only be worth $500 now but it could cost $2,500 to replace.  Make sure that when working out the total value of all your contents you use the ‘replacement cost’ as your metric.

With initio you can insure in bands up to $220,000.

Yes.  You can choose a house excess ranging from $400 to $2000, and you can choose a contents excess ranging from $250 – $2,000.
The higher the excesses you choose the lower the premium.   The most common excesses our clients choose is $650 on the house and $250 on contents.

No BUT, we do provide a set $250 excess for ‘Breakage Claims’ regardless of the house excess you choose.

So this means that a number of items are covered with a lower excess.  These include:
1. glass in windows
2. glass in doors
3. glass screens screens
4. sinks baths
5. wash basins
6. toilet bowls
7. shower cabinets
8. bidets
9. fixed glass lampshades
10. fixed mirrors
11. glass in built-in furniture in the home.

Once you are insured with us a certificate of insurance will be instantly emailed to your inbox. No delays, we use technology to save your time and money. You can amend and get a new certificate anytime through your initio dashboard.

Simply login to your initio dashboard and select the button ‘Make Claim’.  Answer some simple questions about the loss or damage and you are good to go.  In all cases of loss, its important to act as you would normally if you were not actually insured – then let us know as soon as you can and we will pick up the pieces.
Everytime there is an update on your claim the status on your dashboard will update also.  You will also receive an email notifications as the claim progresses.   We are dedicated to making the claims process as quick and easy and possible

No issue.  The initio home and contents insurance still works well for you.
Meaning that if your flatmate causes accidental damage to the home you will be insured.  Just be aware that there is no cover if the flatmate causes deliberate damage to the home or contents, or steals your personal belongings.

The initio contents policy has limits on certain contents items such as jewellery and bicycles.  Jewellery that is not specified is covered for up to $3,000 per item and $15,000 in total for a single event.
If you specify the item you will be covered up to the amount you select.

During the insurance signup process you will be able to specify items that are greater than the policy cover.

You do not need to specify high values items such as TV’s, laptops, or furniture for example.  These are automatically covered as part of the total contents sum insured you select.  Even a $10,000 couch does not need to be specified.

Yes you still have cover for all the big things including any accidental damage the guest causes BUT there is no cover for any deliberate damage the guest causes to your home or contents, or any contents the guest steals from you.