HSBC Home & Contents Insurance

HSBC Insurance is a provider of home and contents insurance, internet banking, home loans, car insurance, credit cards, life insurance, savings accounts, travel insurance and other investment products.

Compare HSBC home and contents insurance

Here’s a snapshot of HSBC 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.

 

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What do HSBC home and contents insurance policies cover?

HSBC Insurance 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.

Home insurance

HSBC 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
  • Opportunity for a no claim bonus of up to 30%

Contents insurance

HSBC 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

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HSBC Insurance FAQs

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, HSBC 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:

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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 HSBC Insurance’s phone hotline on 1300 205 060, or submitting a claim via its dedicated online portal. It can be accessed 24/7.

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.

HSBC was founded in 1865 in Hong Kong to finance trade between Asia and Europe. 100 years later, it moved to Australia in 1965 and gained its commercial banking licence in 1986.

HSBC is now one of the world’s largest banking and financial institutions, serving 48 million customers around the globe, with 6,000 offices in 71 countries. It aims for sustainability through the Climate Business approach, and supports leading charities that focus on education, the environment and health.

HSBC works with numerous partners that help benefit the community, including:

  • Australian Indigenous Education Foundation (AIEF)
  • ‘Ready for Life’ with Youth Off The Streets
  • Sustaining education with Barnardos
  • Eliminating trachoma with the Fred Hollows Foundation
  • Addressing mental health with the Black Dog Institute

In addition to supporting these organisations, HSBC gives its employees two paid days of volunteer leave each year to work on a project of their choice. In a single calendar year, HSBC employees commit over 4,000 hours to volunteer work with Australian charities.

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HSBC Classic Home & Contents

Canstar Research
Rating:
Award: Outstanding Value Home Insurance

New South Wales

< $550K

2017 Star Ratings Report

Written by: Regina Collins | Last updated: