BankSA Home and Contents
Good Points
- Very good score for storm cover
- Excellent score for optional accidental damage cover
- Excellent score for optional motor burnout cover
- Very good score for gardens and landscaping cover
- Very good score for emergency storage of undamaged contents cover
- Excellent score for specified portable contents cover
- Excellent score for spoiled food cover
- Excellent score for visitors' contents cover
Bad Points
- Poor score for animal damage cover
- No cover for mortgage discharge fees
- Poor score for vet bills cover
Recommended products
Scores
Description
Cover summary
- Up to $20 million
- Cover for people named on the policy, plus their family members living with them
- Cover for incidents worldwide
Cost
Covered events
- Covers loss and damage due to theft, attempted theft, burglary and attempted burglary
- Covers theft by tenants who rent a separate dwelling at the address
- Up to $1000 for replacement locks and cylinders of any external door or window, after theft of key (no excess)
- Up to $500 for security firm attendance fees
- No cover for theft by you or residents
- No cover for theft by people acting with your express or implied consent
- No cover for theft by people employed at the home
- No cover for theft by people you or a resident invite into home
- Covers fire and bushfire
- Also covers damage caused by smoke
- Accidental damage option adds cover for scorching and/or melting
- No cover for scorching and/or melting not the direct result of fire
- No cover for damage arising gradually out of repeated exposure to fire or smoke
- No cover for items designed to be exposed to heat during normal use
- 72 hour waiting period for bushfire and grassfire
- Covers damage caused by flood and flood water combined with run-off and rainwater
- Covers damage caused by soil movement, erosion, landslide, mudslide and subsidence, but must be directly caused by and occur within 72 hours of flood
- No cover for damage caused by shrinkage or expansion of earth
- No cover for damage caused by hydrostatic pressure
- No cover for bridges
- No cover for retaining walls
- No cover for gates or fences that aren't well maintained and are in poor condition to the extent that this causes or contributes to the damage
- No cover for trees, shrubs, hedges or plants that are planted in the ground
- No cover for pontoons or jetties
- No cover for swimming pool or spa covers, liners or solar domes
- No cover for cost of cleaning mud or debris in tanks, swimming pools or spas
- 72 hour waiting period
- Covers damage caused by storm, cyclone, rainwater and run-off
- Also covers damage caused by rainwater, hail, wind or water that enters building through openings made by the storm
- Accidental damage option adds cover for damage caused by rainwater, hail, wind or water that enters building through an open door, window or other opening
- Covers damage caused by soil movement, erosion, landslide, mudslide and subsidence, but must be directly caused by and occur within 72 hours of storm
- No cover for damage caused by hydrostatic pressure
- No cover for retaining walls
- No cover for trees, shrubs or plants planted in the ground
- No cover for swimming pool or spa covers, liners or solar domes
- No cover for cost of cleaning mud or debris in tanks, swimming pools or spas
- No cover for rainwater damage to external paintwork or coatings
- 72 hour waiting period for cyclone
- Covers impact damage caused by animals
- Covers fire and water/liquid damage caused by vermin (including "native vermin" e.g. possums)
- No cover for impact damage caused by domestic pets kept in building
- No cover for damage caused by birds or insects
- Optional
- Covers accidental loss and damage to home and contents
- Covers damage caused by motor burnout
- Covers scorching and melting
- Up to 90 days cover for contents anywhere in Australia
- No cover for damage caused by domestic animals or pets owned by you or for which you are legally responsible; or removal or weakening of, or interference with, support to land or buildings for the pupose of construction, alterations, extensions or repairs
Claims
- Repair damaged property
- Replace damaged property
- Pay you the property's replacement value, up to your sum insured or other sublimits
- Customer cost if insurer offers cash
- Insurer cost if you ask for cash (may be less than retail cost)
- Insurer may offer non-cash alternatives
Building
- Motors up to 10 years
- Optional
- Up to $5000 overall
- No cover for storm, flood, cyclone, tsunami or rainwater
- Up to $5000 overall
- Paid on top of sum insured
- Up to $5000 overall
- Paid on top of sum insured
- Up to 10% sum insured overall
- Paid on top of sum insured
- Up to 12 months or 10% sum insured
- Paid on top of sum insured
- Building claims: covers rental accommodation for you and your pets
- Contents claims: covers temporary accommodation, mail forwarding, additional gas/electricity costs, rental bonds and removal/storage of undamaged contents
- Up to $500 for pet boarding
Contents
- Covers some items for theft and accidental loss/damage
- Choose overall limit from $1000–$7500
- Choose limit from $500–$2000 per item
- Covered anywhere in Australia, and for up to 120 days in rest of the world
- $100 excess
- Optional
- Cover for theft and accidental loss/damage
- Covered anywhere in Australia, and for up to 120 days in rest of the world
- $100 excess
- Up to 12 months
- Covers moving/storing undamaged contents
- Up to $7500 overall
- Up to $2500 per item, set or collection
- Up to $7500 overall
- Up to $2500 per item, set or collection
- Up to $7500 overall
- Up to $2500 per item, set or collection
- Cover for insured events, unit failure, escape of refrigerant fumes and failure of public electricity supply
- Up to $500 for natural disaster
- Up to $500 overall
- Cover for road accident injury
- Up to contents sum insured overall
- Included in optional accidental damage cover
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