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GIO Platinum policy

Insurer
GIO
Policy
Platinum
Underwriter
AAI Limited
Website
https://www.gio.com.au/home-insurance.html
Building cover View more details.

The sum insured is the maximum amount your insurer will pay to replace your contents. If a policy has an underinsurance safety net (also called "gap cover") the insurer will pay a percentage above your sum insured if necessary.

• Nominate a sum insured
• Up to 30% safety net
Contents cover View more details.

The sum insured is the maximum amount your insurer will pay to replace your contents. If a policy has an underinsurance safety net (also called "gap cover") the insurer will pay a percentage above your sum insured if necessary.

• Nominate a sum insured
• No underinsurance safety net
How to claim
Online and 24/7 phone
Pay-by-the-month charge View more details.

This is sometimes described as a discount for paying annually, but it amounts to the same thing.

Yes
ACT price comparison View more details.

The fewer dollar signs, the cheaper the policy compared to other products available in the territory.

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NSW price comparison View more details.

The fewer dollar signs, the cheaper the policy compared to other products available in the state.

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NT price comparison View more details.

The fewer dollar signs, the cheaper the policy compared to other products available in the territory.

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North Queensland comparison View more details.

North of Rockhampton. The fewer dollar signs, the cheaper the policy compared to other products available in the region.

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South Queensland price comparison View more details.

Rockhampton and below. The fewer dollar signs, the cheaper the policy compared to other products available in the region.

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SA price comparison View more details.

The fewer dollar signs, the cheaper the policy compared to other products available in the state.

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WA price comparison View more details.

The fewer dollar signs, the cheaper the policy compared to other products available in the state.

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Tasmania price comparison View more details.

The fewer dollar signs, the cheaper the policy compared to other products available in the state.

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Victoria price comparison View more details.

The fewer dollar signs, the cheaper the policy compared to other products available in the state.

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Fire View more details.

Includes explosion and bushfire, grassfire, etc. Waiting periods for bushfire may apply unless you are switching from another policy with equivalent cover with no change in sum insured. In some policies the actual exploding object is not covered.

Yes
Theft View more details.

Includes loss or damage caused by attempted theft.

• Yes
• No cover when thief enters with your consent
Escape of liquid View more details.

From pipes, tanks, pools, spas, baths/basins, aquariums, waterbeds etc. Excludes faulty workmanship or leaks that cause damage over time.

Yes
Lightning View more details.

Damage caused by lightning - either direct strikes or power surges.

Yes
Storm and cyclone View more details.

Waiting periods may apply unless you are switching from another policy with equivalent cover with no change in sum insured.

Yes
Flood View more details.

Flood as per the standard industry-wide definition. You may have the option to opt out, even if the cover is included by default. Waiting periods may apply unless you are switching from another policy with equivalent cover with no change in sum insured.

Yes
Storm surge View more details.

Where the sea level rises as a result of a storm. You may also have to claim for storm damage or flood for this to be covered. Some insurers only cover in the event of cyclone. If this is important cover for you, check the PDS.

• Yes
• Only if as a result of storm
Action of the sea View more details.

This usually covers the normal movements of the sea, including damage from king high tides, water erosion, etc.

No
Impact damage View more details.

Cover if a tree falls on your house or a car crashes into your front room, for example. Some insurers that cover animal damage do so under this event.

Yes
Animal damage View more details.

This cover often comes with a range of exclusions - insect damage typically isn't covered, for example.

• Yes
• Pet damage not covered
Vandalism View more details.

May also be called "malicious damage". Some insurers also classify "riot" as a separate event.

Yes
Earthquake View more details.

Earthquake cover commonly has a minimum $500 excess. Check the PDS.

Yes
Tsunami View more details.

Products that cover tsunami usually include it under earthquake cover. Minimum $500 excess may apply, check the PDS.

Yes
Accidental breakage View more details.

Damage to easily broken objects like mirrors or ceramic cooktops. Not to be confused with accidental damage, which is a broader level of cover.

Yes
Accidental damage View more details.

Cover for accidental damage to insured items at the home.

Yes
Legal liability View more details.

Cover for when a member of your household is responsible for damage to or loss of another's property, or another person's injury or death. Building insurance usually covers you at home, while contents insurance covers you away from home.

• Up to $20 million
• Cover for people named on the policy, plus their family members living with them
• Cover anywhere in Australia & NZ
Choice of repairer View more details.

Some insurers will require you to use repairers they have a commercial arrangement with. Others will let you nominate your preferred repairer, but may retain veto power if your repairer's quote is too high. Insurers only guarantee work done by their own repairers.

Your choice of repairer
Motor burnout View more details.

Cover for burnout of motors that are part of your building, eg automatic garage doors or air conditioner units. Also called motor fusion.

• Cost to repair/replace
• Motors up to 11 years
Keys and locks after break-in View more details.

Cover for replacing locks and re-coding electronic keys after a break-in. Policies usually stipulate you report the break-in to the police.

Up to $2500
Gardens and landscaping View more details.

Typically includes trees, shrubs, etc planted in the ground. Lawns are usually excluded. Potted plants are usually defined as contents, and treated separately.

• Up to $2000
• Not covered for storm, flood, escape of liquid
Mortgage discharge fees View more details.

Fees to discharge your mortgage in the event of the total loss of your building.

• Up to $2000
• Paid on top of sum insured
Costs to comply with building regulations View more details.

During rebuilding, in the event of total loss.

• 20% of sum insured
• Paid on top of sum insured
• Limit combined with professional fees
Professional fees View more details.

Cover the cost of professionals such as surveyors, engineers and architects.

• 20% of sum insured
• Paid on top of sum insured
• Limit combined with regulation compliance
Debris removal and demolition View more details.

To demolish and remove building debris after an insured event. Contents debris is typically covered under a separate item.

• 20% of sum insured
• Paid on top of sum insured
Temporary accommodation View more details.

If your home is uninhabitable after an insured event. May also limited to the value of your home on the rental market.

Up to 10% of sum insured
New for old contents replacement View more details.

All insurers promise to replace contents with equivalent new items, although some policies have exceptions.

• Yes
• Exceptions for paintings, pictures, works of art, sculptures, ornaments, art objects, collections, memorabilia and antiques
Cover for specially listed portable valuables View more details.

For an extra premium you can insure individual portable valuables against accidental loss or damage while away from home. Select a sum insured up to limits set by the insurer.

Yes
Cover for unlisted portable contents View more details.

Many insurers will cover a limited range of items for accidental loss or damage away from home.

Most contents covered as though they were at home
Travelling with valuables View more details.

Cover for your valuables when you take them travelling. Limits for unspecified contents (see above) apply.

• Australia: 180 days
• NZ: 180 days
• Rest of world: 100 days (limited to jewellery and watches while being worn or in a safe)
Motor burnout View more details.

Cover for burnout of motors that are part of your contents, eg fridges and washing machines. Also called motor fusion.

• Cost to repair/replace
• Motors up to 11 years
Spoiled food View more details.

Typically you won't pay the full excess unless it is as a result of an insured event (in which case you'll probably be claiming for other damages).

• Up to $2000
• Cover for insured events, sudden escape of refrigerant fumes; unit failure; failure of public electricity supply
Jewellery View more details.

Limits for unlisted jewellery at the home. If you want a higher level of cover or need cover away from home, see listed valuables cover above.

• Up to $40000
• Up to $10000 per item
Artworks View more details.

Cover for unlisted works of art. If you want a higher level of cover, see listed valuables cover above.

Up to $200000 total
Collections View more details.

Cover for unlisted collections (eg coins, stamps). If you want a higher level of cover, see listed valuables cover above. In some cases cover may depend on the type of collection, so check the PDS.

Up to $50000 total
Digital media View more details.

Cover for downloaded property such as digital media and software.

No sublimit
Money View more details.

Cash, cheques, negotiable instruments etc.

Up to $500
Tools of trade View more details.

Cover for tools of trade at the home.

Up to $5000 total
Cover for contents while moving house View more details.

Many policies will offer overlapping cover at the old and new address. You can also get limited cover for your contents while they are in transit.

• 14 days cover at both addresses
• Contents in transit covered for fire, flood, collision, overturning, accident or theft of removal vehicle
Contents in the open air View more details.

Open air usually includes any area on your property that is exposed to the elements, but may also include unlockable areas like a garden shed. Each insurer has different definitions, so check with them for restrictions.

Up to sum insured
Visitors' contents View more details.

Cover for your visitors' belongings if they are lost or damaged in an insured event. Standard exclusions and restrictions will apply.

Up to $2000
Pet cover View more details.

Some policies will cover your vet bills in certain circumstances.

• Up to $2000
• Cover for accidental injury
• Optional extra

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