Home Insurance optional covers explained

As a homeowner, you may sometimes find yourself dealing with a minor home emergency.

This could be:

• getting locked out of the house,
• a blackout or electrical failure,
• a blocked toilet or drain, or
• a broken or burst hot water system.

And while you may know that AAMI Insurance can help cover big emergencies, did you know we can also assist with the small ones?

For an additional cost, our AAMI Home Assist optional cover on AAMI Home Insurance policies gets you 24/7 access to a trusted plumber, electrician, locksmith, or carpenter for small emergency home repairs.

You also don’t need to pay for a call out fee, even after hours,

get 3 emergency call-outs during the policy period,

get up to 2 hours emergency assistance per call-out, and

up to $50 of materials including GST.

If your repairs can’t be completed within the 2-hour call-out period, we’ll let you know what other options are available to you.

And getting help is easy.

Simply call 13 22 44 and a support team specialist will assess the emergency over the phone and connect you to the appropriate tradie.

And while it may be tempting to try and fix the issues yourself, this has its risks.

Sometimes, it’s easier to leave things in the hands of a qualified tradesperson.

So call 13 22 44 today to add AAMI Home Assist to your AAMI Home Insurance policy.

And for more helpful tips visit the AAMI Informed site.

We all want our home and belongings protected against life’s surprises. But what if there is an insured event and the amount listed on your certificate of insurance isn’t enough to rebuild your home or replace your contents? This is known as underinsurance.

Underinsurance can happen for many reasons: If your home or contents are not valued according to their repair, rebuild or replacement costs when purchasing or updating your policy. If you renovate your home but don’t adjust the building value on your policy – also known as the sum insured. If you purchase new items, like appliances or furniture, but don’t adjust the value of your contents on your policy.

With the cost of living rising, it may be tempting to have a lower sum insured to save money on your insurance premium. But if you need to claim, your insurance policy might only cover a portion of the repair, rebuild or replacement costs, leaving you to pay the rest.

When it comes to choosing a set sum insured for your policy, there are a few simple steps you can take to help avoid being underinsured.

Use the AAMI Home Building and Contents calculator to get an estimated rebuild cost for your home and estimated total replacement costs for your contents. A qualified builder can also provide further help with estimating rebuild costs according to current building standards.

Make a list of your belongings to ensure your contents sum insured is accurate. For particularly valuable items, take a photo, note their value, and save any receipts. Keep this list up to date by adding any new items you purchase for your home.

No two home insurance policies are the same, which means it’s important to read your policy documents. Knowing what your policy does and does not cover, and any limits that apply, will help give you confidence that you’re covered if you ever need to claim.

With AAMI, you can also choose our optional Complete Replacement Cover for the home building. Complete Replacement Cover is our best protection against underinsurance as we’ll repair or rebuild your home as it was or pay you the amount of the assessed quote to repair or rebuild it, without you needing to set a sum insured.

And remember, don’t set and forget. As your life circumstances change, so should your home and contents insurance policy. Regularly review your policy details to ensure your cover is up to date and meets your needs.

Download the AAMI App or log in online to update your policy. And for other helpful tips, visit the AAMI Informed site.