Renters Insurance

When you’re renting, it’s the stuff you fill your place with that makes it a home. AAMI Contents Insurance can help you ensure your stuff is covered following an insured event.

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Why do I need renters insurance?

Whether it’s your home theatre setup, kitchen appliances or wardrobe full of your fave outfits — we’ve all got stuff that’s important to us. Insured events like burglaries and wild weather can leave you needing urgent repair or replacement of your must-have items, which is where Contents Insurance for renters can help.

Which renters insurance do I need?

Contents Insurance can help you cover the cost of repairing or replacing your belongings — furniture, appliances, electronics and so on — if they’re lost or damaged in an insured event. Fire & Theft Contents Insurance limits your coverage to $25,000 if you suffer damage or loss caused by fire or theft.

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Contents Insurance

what's included

Repair or replacement of your contents
New for old replacement
Cover for spoiled food and medication ($400)
Cover for legal liability

More info

what's optional

Accidental Damage at Home
Cover for specified high value portable items
Cover for portable items

Full details of Optional Covers

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Product Disclosure Statement (PDS)

Fire & Theft Only

what's included

Up to $25,000 cover
Cover for stolen contents, contents damaged by fire (including bushfire) or theft or burglary
Up to $20 million cover for legal liability

More info

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Product Disclosure Statement (PDS)

EASY CLAIMS PROCESS

Helping you at every step

Does your insurer offer a dedicated Client Manager from beginning to end? AAMI Does.

All quotes and repairs
Sourcing of materials and replacement items
Regular communication with you throughout the process.

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Our claims process

What am I covered for?

What’s covered for Renters?

Your needs and budget will determine which level of coverage, and which optional extras, you choose. Brush up on both so you can get the coverage you need.

Your Contents

Available with Contents Insurance

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Loss or damage to your contents

If your claim for loss, theft or damage to your contents is covered, your contents may be replaced, repaired or we may pay you. We will aim to use a member of our supplier network to repair or replace damaged contents. Sometimes this is not always possible or practical (for example, if there is pre-existing damage to your contents item) and this will determine how your contents claim will be settled. Refer to your PDS for how we settle contents claims.

New for old for your lost or damaged items

New for old means:

New materials, new items;
New for old, regardless of age;
Same type, standard and specification as when new (or if not reasonably available, similar type, standard and specification).

For a full definition of ‘new for old’ and for how we settle contents claims, refer to the PDS.

Cover for spoiled food or medicine

If an insured event causes refrigerated or frozen food or medicine to spoil — for example, if a storm knocks out power to your fridge — we’ll cover the cost, up to $400.

Storage of undamaged contents

If you make a claim and some or all of your contents escape damage from an insured event, and we agree they can’t be kept at home — say, if they’ll be exposed to the elements during repair work — we’ll cover the reasonable costs of storing the undamaged items, up to 10% of your contents sum insured.

Accidental glass breakage

But not if the breakage doesn’t extend through the whole thickness of the damaged item — that is, chips or scratches don’t count.

Cover for legal liability

Up to $20 million legal liability cover to pay compensation for death or bodily injury to other people, or loss of damage to their property resulting from an incident which happens anywhere in Australia or New Zealand during the period of insurance.

Your Contents

Available with Fire & Theft Only

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Up to $25,000 for loss or damage to your contents

We cover loss or damage to your contents when they are inside the building or unit at the insured address caused by fire (including bushfire) and theft or burglary (subject to the terms, conditions and exclusions of your policy). We cover up to $25,000 for any one incident (unless we say otherwise in your policy).

Cover for legal liability

Optional Covers

Only available with Contents Insurance

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New

Accidental Damage at Home

If you add this optional cover to your policy, we cover your contents if they are damaged accidentally when at the home.

More detail on coverage

High Value Items

If you have some especially valuable items, like jewellery or artworks, you can specify a sum insured for those items on your policy to ensure they’re covered up to their full value.

High value items cover

Portable Valuables

For an additional premium, and if we agree, you can add cover for those portable items that might accidentally be lost or damaged at home or while you’re out and about, like smartphones, handbags, and laptops (FYI, certain items like mobile phones will need to be listed as specified items).

Portable valuables cover

Insured Events

These are the events that you can make a claim for, if they cause loss or damage to your home or contents (or both, of course, if you have a combined policy). There are limits, conditions and exclusions which apply, so check out the policy documents to make sure you’re up to speed.

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Flood

Including water overflowing from things like lakes, rivers, or dams.

Storm

That's rain, wind, thunder, that sort of thing. FYI, storm damage is one of our most common claims, so this is a biggie.

Storm surge

That's a rush of water pushed from the sea onto the land caused by very strong winds. It doesn't include actions or movements of the sea. The loss or damage caused by storm surge must happen at the same time as other insured damage caused by storm.

Lightning

Including power surges caused by lightning, will be covered providing a qualified repairer confirms lightning as the cause of loss or damage.

Fire

Loss or damage caused by fire (includes bushfire) and heat, ash, soot and smoke that is the direct result of a fire within 100 metres of the insured address.

Earthquake & Tsunami

These may not be likely, depending on where you live, but you'll be covered just in case.

Theft or burglary

This also includes attempted theft, if nothing is stolen but the attempt causes damage that needs repairing.

Escape of liquid

This refers to liquid leaking, overflowing or bursting from things like appliances, fixed pipes, drains, and waterbeds

Impact

This refers to damage caused by impact from falling tree branches, power poles or TV antennas.

Damage by an animal

Not your pets, though. This refers to damage caused by animals (not insects, vermin or rodents) who aren’t supposed to be there.

Explosion

We cover the loss or damage caused by an explosion but we don’t cover the cost of replacing or repairing the tank or container that exploded.

Riot, civil commotion or public disturbance

An example would be damage caused by a violent crowd moving down your street.

Malicious acts and vandalism

This includes things like vandals damaging your letterbox or tagging the building with graffiti.

Insured Events listed above apply to AAMI Home Insurance products, excluding Fire & Theft Contents Insurance which is limited to loss or damage by Fire, Theft or Burglary. We don't insure you for bushfire, storm, storm surge, flood or tsunami for the first 72 hours of your policy. Very limited exceptions apply. Read the PDS for more detail.

Assessing your property

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Contents Calculator

Estimate your contents coverage

Estimate the replacement cost of your contents and determine how much cover you need.

AAMI Contents Calculator

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AAMI has a range of options to cover your specific needs

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Home Insurance for Renters: A Useful Guide

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Renters Insurance

Frequently asked questions

“Renters insurance” is another way of referring to Contents Insurance — that is, insurance that covers the stuff inside a house but doesn’t cover the house itself or its permanent fixtures. We often refer to it as “renters insurance” since, while it’s not exclusively renters who take out Contents Insurance ( as opposed to Contents Insurance along with Home Building Insurance), they may find it especially useful.

Your insurance premiums — that is, the amount you’ll pay for your policy — will be influenced by many different factors, including where you live, the value of your contents, and whether you select any optional extras. It will also depend on whether you choose the Fire & Theft Only option.

The best way to get an estimate of how much a policy will cost you is to get a quote. It’s obligation-free, and only takes a few minutes.

There’s no legal requirement for you to have renters insurance in Australia. Whether you take out a policy may depend on factors such as the value of your contents, your ability to replace them should you ever need to, and your budget.

When you first take out your policy, you’ll agree to a sum insured, which is the maximum amount we’ll pay if you ever need to make a claim. If an insured event covered by your policy— such as a storm, fire or burglary — affects your contents, you can make a claim. If we accept the claim, we’ll arrange to repair or replace the item or items, or offer a cash payment so that you can do so yourself.