Currently shopping for home and contents insurance, came across this great deal.
In my case, saved $350 from my current premium AND have a $150 EFTPOS card coming in the post after the cooling off period (21 days). All up, almost a $500 saving for me if you count the EFTPOS card.
From what I can tell, the cover is very comparable to other insurers and is issued by Auto & General - the same company behind Budget Direct, Australia Post, Virgin and Dodo home insurance products.
Obviously may not be cheaper for everyone, but worth getting a quote anyway - only took me a few minutes.
They don't make it very easy to compare this product to others in the market, but I was able to find a table of benefits once I'd gotten a quote, which I've copied below to help others out. Also, the second part of their PDS was helpful in understanding the cover.
|Legal liability||$20 million||$20 million|
|Theft or attempted theft||Y||Y|
|Malicious damage, vandalism, riot or civil commotion||Y||Y|
|Accidental breakage of glass, ceramic and sanitary fixtures||Y||Y|
|Storm and rainwater damage||Y||Y|
|Escape of liquid||Y||Y|
|Lump sum or instalment payments||Y||Y|
|Temporary accommodation costs||Y||Y|
|Mortgage discharge costs||Y||-|
|Replacement of locks||-||$500|
|Contents in the open air at the insured address||-||Y|
|Contents away from the insured address||-||Y|
|Credit card cover||-||$1000|
|Uninsured guests' contents cover||-||$500|
|Unattached equipment cover||-||$500|
|Personal effects cover||-||Y|
|Motor burnout cover||Y||Y|
|Tenant default cover and theft||Y||Y|
|Accidental damage cover||Y||Y|
|Malicious damage by tenant cover||Y||Y|
|Choice of excess options||Y||Y|
Ts and Cs for the offer can be found here: