Home Insurance Broker: Real Protection for Your Most Valuable Asset
For most Australians, the family home is more than just a roof over their heads; it is the culmination of years of hard work and the foundation of their financial future. Yet, shockingly, industry data suggests that up to 80% of Australian properties are “underinsured”—meaning the insurance payout wouldn’t be enough to rebuild the house if it burned down today.
At Assurance Life Pro, we ensure you aren’t just another statistic. As your dedicated Home insurance broker, we move beyond the generic “tick-and-flick” forms found on bank websites. We provide a detailed assessment of your property to secure a home insurance quote that reflects the true replacement cost of your building and the real value of the life inside it.
Why Trust a Broker with Your Family Home?
When you buy direct from a big house insurance company, you are buying a pre-packaged product. If your home doesn’t fit their standard box—perhaps it has unique heritage features, is on a sloping block, or is near a creek—you might find yourself with a policy that is riddled with exclusions.
A broker works for you. We have access to specialist policies that offer broader protection, such as higher limits for temporary accommodation (so you aren’t homeless while rebuilding) and “safety net” clauses that pay extra if construction costs spike after a disaster.
Who Needs Specialist House Insurance Advice?
Homeowners & First Home Buyers
Entering the property market is expensive. It is tempting to grab the cheapest insurance to save cash. However, cheap policies often lack “Accidental Damage” (e.g., spilling wine on the carpet or a ball through a window) or have strict limits on flood cover. We help you compare home insurance options to find a policy that balances affordability with genuine coverage.
Property Investors (Landlords)
If you rent out your property, you need more than just building cover; you need protection from your tenants. We source specialised Landlord Insurance that covers “Loss of Rent” (if the tenant defaults or the property is unliveable) and “Malicious Damage” caused by tenants—two things standard home policies exclude.
High-Risk Locations (Flood & Bushfire Zones)
If you live in a leafy suburb or near water, finding cover can be a nightmare. Many direct insurers will simply decline you. We have access to specialist underwriting agencies who understand regional risks and can often secure coverage for properties that the major banks reject.
Key Benefits: Beyond the "Cheapest Price"
The value of a broker becomes obvious the moment you need to claim. Our policies typically offer:
Accurate Sum Insured: We use professional Cordell calculators to estimate the current cost to rebuild your home, protecting you from the inflation trap.
New for Old Replacement: Ensuring your old sofa or TV is replaced with a brand new equivalent, not a depreciated payout.
Claims Advocacy: If a storm hits and the insurer argues it was “lack of maintenance,” we step in. We argue the technicalities of the Product Disclosure Statement (PDS) to fight for your payout.
What Does a Comprehensive Policy Actually Cover?
We help you structure your policy to match your living situation.
Home and Contents Insurance (The Full Package)
This is the gold standard for owner-occupiers. It covers the Building (walls, roof, fixtures like kitchens) and the Contents (everything that would fall out if you turned the house upside down—clothes, furniture, electronics). Bundling these together is usually cheaper and ensures there are no arguments about what is “building” (e.g., carpets) and what is “contents” (e.g., rugs) during a claim.
Building Insurance Only
If you are a landlord or are renovating, you might only need to cover the structure. We ensure your Building policy includes essential features like “Removal of Debris” (paying to clear the wreckage before rebuilding starts), which can cost tens of thousands of dollars on its own.
The Process: How We Fix Your “Underinsurance” Gap
Getting a quote from us is thorough but fast:
Property Profile: We gather details on your home’s construction (brick/timber), year of build, and size.
Valuation Check: We run a replacement cost estimate to see if your current “Sum Insured” is too low.
Market Sweep: We compare premium and coverage terms from over 50 insurers.
The Reveal: We present you with the best options—highlighting the differences in Flood, Accidental Damage, and Excess.
Protection: You choose, and we bind coverage immediately.
Eligibility & Application Steps
Any homeowner or investor in Australia is eligible. To get the most accurate result, try to have these details ready:
Construction Details: Type of walls (brick veneer/weatherboard) and roof (tile/metal).
Security: Do you have deadlocks or a monitored alarm? (This lowers your premium).
Year of Build: (Approximate is fine).
Previous Claims: Honesty here is critical to ensure your policy is valid.
Don’t leave your family’s future to a generic online form.
FAQs on Home Insurance Broker
What is "Underinsurance" and why should I worry?
Underinsurance happens when your policy limit (Sum Insured) is lower than the actual cost to rebuild your house. For example, if your house is insured for $400k but costs $600k to rebuild due to rising timber and labour costs, you will have to find that extra $200k yourself. As your Home insurance broker, we use professional calculators to help you set a realistic Sum Insured so this doesn't happen.
What is the difference between "Defined Events" and "Accidental Damage"?
"Defined Events" (or Listed Events) is a cheaper policy that only covers specific things like Fire, Storm, Theft, and Impact. It won't cover you if you accidentally smash your own TV or spill paint on the carpet. "Accidental Damage" is a higher level of cover that includes those clumsy moments. We usually recommend Accidental Damage for owner-occupiers.
Does my policy cover Flood?
This is the most complex area of Australian insurance. Many policies cover "Storm" (rain entering through a hole in the roof) but exclude "Flood" (water rising from the ground/creek). We carefully check the PDS definitions for you. If you live in a low-lying area, we will explicitly discuss whether Flood cover is included or optional, so you aren't caught out.
Can you insure a house that is being renovated?
Be careful. Most standard home and contents insurance policies will void your cover if you start major renovations (e.g., removing a roof or wall) without telling them. If you are renovating, you often need a specific "Construction Insurance" or "Builders Risk" policy. You must inform us before you pick up a hammer so we can arrange the correct cover.
Is it cheaper to bundle Home and Contents?
Almost always, Yes. Most insurers offer a discount (often 10-15%) if you buy home and contents insurance on the one policy. It also makes claiming easier because you only have one excess to pay if an event (like a fire) damages both the building and your belongings.