GIO Home & Contents Insurance
Compare GIO home and contents insurance
Here’s a snapshot of GIO home and contents insurance policies for policy holders aged below 50 years, whose total claimable amount is below $550K in New South Wales. To compare other home and contents insurance policies, click here.
What do GIO home and contents insurance policies cover?
GIO lets you choose from home insurance, contents insurance or a combined home and contents insurance policy. All come with several bonuses such as discounts and extra benefits for combined cover, as well as fast policy access.
GIO home insurance covers you for:
- Some of the costs of rebuilding including demolition, surveyor, architect and legal fees
- Natural disasters and extreme weather
- Accidental breakage, theft or vandalism
- Compensation for death
- Motor burnout
- Glass breakage
- Alternative accommodation/rental costs
- Replacing, repairing and recoding of locks and keys
GIO contents insurance covers:
- ‘New for old’ replacement of valuable items
- Theft, loss or damage of items including furniture, household goods, electrical appliances, furnishings, clothing and personal belongings
- Credit card and transaction card misuse
- Damage due to extreme weather
- Accidental damage
- Food and medication spoilage
- Specified items away from home, anywhere in the world for up to 90 consecutive days
- Vet expenses if your pet is injured
Building insurance covers any part of your house that is permanently fixed and not intended to move, such as your walls and roof, and even the light on your front porch. Contents insurance covers all the items within your house that are not permanent fixtures, i.e. you could move them between houses. Find out more about home and contents insurance here.
As a renter, you don’t need home insurance because your landlord should have insurance for the building you live in, and if you live in a unit/apartment or townhouse, the body corporate is legally required to have building insurance for the building. But you should certainly get contents insurance to protect your own possessions. Many providers offer specialised renters’ insurance policies.
For landlords, a better option than home insurance is landlord insurance. Landlord insurance covers you for the same things as a home insurance policy, but with several important additions to cover you against risks from your tenants.
Depending on your choice of cover, GIO landlord insurance may cover repairs for damage caused by your tenants, or your legal fees if you need to sue tenants who are not paying rent. Compare landlord insurance here:
If you have a recent and accurate estimate for the value of your home and contents, then it’s often a good idea to insure up to that particular sum to get your exact money’s worth. If you don’t have an accurate idea of the above value, then you could insure for a complete replacement to give yourself peace of mind. Find out how much home insurance you need and how much contents insurance you need.
You can make an insurance claim by either calling GIO’s phone hotline on 13 10 10, or lodging a claim through its dedicated online portal. By uploading the relevant photos and documents, customers can lodge a claim within 10 minutes.
After this, the claims team will determine if a claims assessor would be required to visit your home regarding repairs and replacements.
Different insurers have different claims processes, so make sure to compare different home insurance claim apps that will make your life easier.
GIO Australia was founded in 2017 as the Government Insurance Office, to provide workers’ compensation insurance previously managed by the NSW Treasury Insurance Branch. The ownership of GIO changed in 2001 when it was bought by Suncorp, and in 2013 when it was bought by AAI Limited.
GIO supports the community in a number of ways. It supports Youngcare so young people with a disability can have a fulfilling life with other young people in age-appropriate care; Wheelchair Sports NSW to help Aussies have fun and stay healthy after a life-changing event, and TAD NSW to design and build affordable home modifications and mobility aids for people with a disability.
GIO is also a sponsor of the NSW Rugby League, the NSW State of Origin team and the Schoolboy GIO Cup competition.