What is contents insurance?
Contents insurance if you live in an apartment, unit, villa or townhouse is important as residential strata insurance only protects the building, not your personal property or possessions.
Your personal belongings include your clothing, phones, jewellery, furniture, TV, computers, internal carpets, blinds and electrical appliances.
Why choose CHU?
Strata.life has partnered with CHU, one of Australia's largest and most awarded insurance underwriting agencies who specialises in providing comprehensive insurance that is tailored specifically for strata properties like apartments, units, villas and townhouses. CHU protects almost 1 million properties across Australia.
Unlike other companies CHU offers automatic inclusions other insurers may charge as ‘optional extras’ like portable’s.
|Automatic inclusions||Basic Cover||Premier Cover|
|Contents – Covers your personal possessions from accidental and malicious damage, theft, water, fire and storm damage with new for old replacement.||Up to $50,000||Over $50,000|
|Portable Contents – Protecting your smartphone, jewellery and other prized possessions when they are away from your property, in transit, storage or when you are moving into or out of your home.||
Everything in basic plus:
|Jewellery, Watches||$1,500 per item, maximum of $7,500||$5,000 per item, maximum of $25,000|
|Entertainment equipment||10% of the total sum insured for all items||10% of the total sum insured for all items|
|Portable entertainment equipment||$1,500 per item, maximum of $5,000||$5,000 per item, maximum of $25,000|
|CDs, DVDs, electronic games media and digital media files||$3,000 in total||$5,000 per item, maximum of $25,000|
|Portable musical instruments||$1,500 in total||$25,000 in total|
|Tools of trade||$1,500 in total||$2,500 in total|
|Works of art, pictures, tapestries, rugs, antiques, collections of any kind, computer equipment||$5,000 per item||$10,000 per item up to maximum of $40,000|
|Photographic equipment||$1,500 in total||$5,000 per item, maximum of $25,000|
|Curios, gold or silver articles (but not bullion)||$1000 per item, maximum of $5,000||$5,000 per item, maximum of $25,000|
|Documents||$500 per item, maximum of $1,500||$2,000 per item up to maximum of $5,000|
|Bicycles||$1,500 per bicycle, maximum of $2,500||$5,000 per bicycle, maximum of $25,000|
|Unspecified High Risk Items; cash, bullion or negotiable securities||Up to 1% of your sum insured, max $500||Up to 1% of your sum insured, max $1,500|
Standard Benefits Across Both Covers
PLUS your policy comes with:
- 21 day cooling off period should you change your mind
- 24/7 claims service and support with emergency assistance
- $0 cancellation fee
- New for old replacement
The below diagram shows what is covered by residential strata insurance and by CHU Contents Insurance.
How do I get portable contents insurance?
When you take out CHU Contents Insurance for Strata your cover includes portables, so your valuables are protected against accidental loss or damage in or away from home.