Apartment Insurance with CHU Contents Cover

If you live in a strata-titled property or a home within a community association , damage to the building and common areas, like gyms and pools, should be covered by strata or community association insurance, which generally is mandated in each state and territory.

However, to protect your own personal possessions, as well as cover against any potential liability claims, you need to consider Contents Insurance for within your residence.

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What does Contents Insurance cover include?

CHU Contents Insurance can provide cover for your belongings for loss or damage caused by a variety of things like storm, fire, theft, flood and more.

Included

Not Included

Are you a renter or strata owner-occupier and need contents insurance for your belongings at your home? It includes things like:

● Cover for damage or loss caused by a storm, fire, theft, flood and more

● Up to $30 million legal liability

● Contents cover while moving to your new residence

● Electrical motor burnout cover

● Contents cover for up to 60 days at your old and new home

● Environmental upgrades

● Cover for fixtures attached to the property which the body corporate isn’t required by law to insure (strata owner-occupiers) or that you’re responsible for under your lease agreement (renters)

CHU’s Contents Insurance policy doesn’t include cover for things like:

● Home (or ‘buildings’) insurance

● Wear and tear, gradual deterioration or costs associated with maintenance.

PLUS your policy comes with:

21 days cooling off period should you change your mind
24/7 claims service and support with emergency assistance
For strata lot owners, you will not have to pay an excess if your strata building owner makes a claim on a CHU policy for loss or damage caused by the same incident.

Optional Extras

Accidental Damage Cover: You can choose to add the Accidental Damage option for an additional premium. This option includes damage to contents caused by power surge confirmed by an appropriately qualified contractor; and accidental loss of your contents that can’t be recovered after you have taken reasonable steps to try to find or recover them.
Portable Contents Cover: The Portable Contents option covers personal items that are designed to be used, worn or carried away from home.

This additional premium includes:

Category

Mobile Phones

Jewellery and watches – this does not include smart watches

Portable electronic devices – includes things like GPSs, smart watches, tablets and laptops (but excludes mobile phones)

Bicycles and personal mobility devices – include their equipment and accessories

Recreational, hobby items or clothing – includes things like sporting equipment, musical instruments, camping gear, and accessories normally worn or carried such as sunglasses and handbags

Medical or health items – includes things like hearing aids (but not hearing implants), prescription spectacles or mobility scooters but does not include any medical equipment or apparatus that requires specialised fitting, customisation or modification by a medical professional, is custom made for you, or requires operation or supervision by a medical

professional while in use. It also does not include drugs or other prescribed medication. See the definition of ‘medical or health items’ for further details.

Collections

Read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the full details of the cover, including limits, exclusions and conditions.

Security plus

Regardless of how modern and secure your apartment building is things go wrong. Events like pipes bursting, losing your keys or phone, your neighbours toilet overflowing, damage to your contents while in transit and people hurting themselves in your property or from items that belong to you should be covered by contents insurance.

Your contents and liability

Whether you’re an owner or tenant to be fully covered in the event of a claim you need contents insurance for your personal possessions and liability to others along with residential strata insurance for your building.

Is your building insured through CHU?

CHU organises the insurance of more buildings in Australia than any insurer, so when your building insurance is organised through CHU and you make a claim you may save on your excess payment and get quicker repairs. To see if your building is insured contact us:

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