Home Insurance
Insurance that helps cover the things you may expect
and some you may not
Get a quote for CGU insurance through us today
At MyState Bank we understand that everyone is unique, therefore we offer different types and levels of Home Insurance cover.
Protect your home inside and out with combined Building and Contents Insurance.
Your buildings and items will be covered for a range of incidents. Plus, CGU offers a lifetime guarantee on the workmanship of authorised repairs to your home.
And if you’re looking for the highest level of cover, choose Building & Contents Plus when you’re getting a quote.
These products are issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 under the CGU brand. Read MyState Bank's Financial Services Guide (FSG) for more information.
Cover |
Building Plus |
Contents Plus |
Building Standard |
Contents Standard |
|---|---|---|---|---|
| Cover for loss or damage to Your Home and Contents | ||||
| Accidental breakage of glass | ✓ | ✓ | ✓ | ✓ |
| Animal damage | ✓ | ✓ | ✓ | ✓ |
| Deliberate or intentional act | ✓ | ✓ | ✓ | ✓ |
| Earthquake | ✓ | ✓ | ✓ | ✓ |
| Escape of water or liquid | ✓ | ✓ | ✓ | ✓ |
| Explosion | ✓ | ✓ | ✓ | ✓ |
| Fire | ✓ | ✓ | ✓ | ✓ |
| Flood or Rainwater Run-off | ✓ | ✓ | ✓ | ✓ |
| Impact | ✓ | ✓ | ✓ | ✓ |
| Lightning | ✓ | ✓ | ✓ | ✓ |
| Riot or civil commotion | ✓ | ✓ | ✓ | ✓ |
| Storm | ✓ | ✓ | ✓ | ✓ |
| Storm Surge or tsunami | ✓ | ✓ | ✓ | ✓ |
| Theft or attempted theft | ✓ | ✓ | ✓ | ✓ |
| Accidental damage – at Your Home Optional | ✓ | ✓ | Optional | Optional |
| Electrical motor burnout Optional | ✓ | ✓ | Optional | Optional |
| Cover for liability | ✓ | ✓ | ✓ | ✓ |
| Additional benefits | ||||
| Accidental damage for Contents in transit to new home | ✗ | ✓ | ✗ | ✓ |
| Buying a new home | ✓ | ✗ | ✓ | ✗ |
| Contents away from Your Home | ✗ | ✓ | ✗ | ✓ |
| Contents in storage | ✗ | ✓ | ✗ | ✓ |
| Contents in the open air | ✗ | ✓ | ✗ | ✓ |
| Contents in transit | ✗ | ✓ | ✗ | ✓ |
| Food spoilage | ✗ | ✓ | ✗ | ✓ |
| Funeral expenses | ✓ | ✓ | ✓ | ✓ |
| Identity theft | ✗ | ✓ | ✗ | ✓ |
| Landscaping | ✓ | ✗ | ✓ | ✗ |
| Locating the cause of damage | ✓ | ✗ | ✓ | ✗ |
| Meeting building regulations | ✓ | ✗ | ✓ | ✗ |
| Mortgage discharge costs | ✓ | ✗ | ✓ | ✗ |
| Moving to a new home | ✗ | ✓ | ✗ | ✓ |
| Owner fixtures – Strata scheme | ✗ | ✓ | ✗ | ✓ |
| Professional and rebuilding fees | ✓ | ✗ | ✓ | ✗ |
| Removal of debris | ✓ | ✓ | ✓ | ✓ |
| Replacement of keys and locks | ✓ | ✓ | ✓ | ✓ |
| Safety net | ✓ | ✗ | ✗ | ✗ |
| Storage costs | ✗ | ✓ | ✗ | ✓ |
| Students living away from Home | ✗ | ✓ | ✗ | ✓ |
| Temporary accommodation | ✓ | ✓ | ✓ | ✓ |
| Visitors’ belongings | ✗ | ✓ | ✗ | ✓ |
| Optional benefits | ||||
| Accidental damage – at Your Home | Automatically Included | Automatically Included | Optional | Optional |
| Electrical motor burnout | Automatically Included | Automatically Included | Optional | Optional |
| Portable Contents – away from Your Home Optional Optional | ✗ | Optional | ✗ | Optional |
| Valuable Contents – inside Your Home | ✗ | Optional | ✗ | Optional |
Excesses may apply. Refer to your Certificate of Insurance. For detailed terms, conditions, limitations, and exclusions, please read the Product Disclosure Statement.
Frequently Asked Questions
Building and Contents Insurance
Can I insure for more than your online building and contents calculator says?
Yes, you can. The calculation provided is just a guide. It's your responsibility to ensure your home is insured for its full replacement value. However, if you insure your home or contents for more than the cost to repair, replace, or rebuild, CGU will only pay the actual cost of repairing, replacing, or rebuilding.
What is Accidental Damage Cover in My Home Insurance Policy?
Accidental damage cover protects you when unexpected mishaps occur around your home. For instance, it would cover you if yourchild accidentally knocked over the TV and broke the screen, or if you accidentally put your foot through the ceiling while in the roof. Whether your building, contents, or both are covered depends on your policy. Accidental damage cover can be added as an optional benefit to your Building Standard policy. If you upgrade to Building Plus, it’s automatically included.
Can I Choose My Own Repairer for My Home Repairs?
Yes, you can choose who repairs your home. However, if you decide not to use one of CGU’s partner repairers, they won't be able to guarantee the workmanship or repairs that are completed, nor assist in managing the repairer regarding timeframes or quality. CGU will also only pay you the fair and reasonable amount that the repairs should cost.
Building Insurance
Can I insure for more than your online building calculator says?
Yes, you can. The calculation provided is just a guide. It's your responsibility to ensure your home is insured for its full replacement value. However, if you insure your home for more than the cost to repair, replace, or rebuild, CGU will only pay the actual cost of repairing, replacing, or rebuilding.
What is Accidental Damage Cover in My Home Insurance Policy?
Accidental damage cover protects you when unexpected mishaps occur around your home. For instance, if you accidentally put your foot through the ceiling while in the roof. Whether your building is covered depends on your policy. Accidental damage cover can be added as an optional benefit to your Building Standard policy. If you upgrade to Building Plus, it’s automatically included.
Can I Choose My Own Repairer for My Home Repairs?
Yes, you can choose who repairs your home. However, if you decide not to use one of CGU’s partner repairers, they won't be able to guarantee the workmanship or repairs that are completed, nor assist in managing the repairer regarding timeframes or quality. CGU will also only pay you the fair and reasonable amount that the repairs should cost.
Contents Insurance
Can I insure for more than your online contents calculator says?
Yes, you can. The calculation provided is just a guide. It's your responsibility to ensure your home is insured for its full replacement value. However, if you insure contents for more than the cost to repair or replace, CGU will only pay the actual cost of repairing or replacing.
What is Accidental Damage Cover in My Home Insurance Policy?
Accidental damage cover protects you when unexpected mishaps occur around your home. For instance, it would cover you if yourchild accidentally knocked over the TV and broke the screen. Whether your contents are covered depends on your policy. Accidental damage cover can be added as an optional benefit to your Contents Standard policy. If you upgrade to Contents Plus, it’s automatically included.
Understanding the Difference Between General, Valuable, and Portable Contents.
General Contents: These are items you keep in and around your home that aren't permanently attached to the structure, like furniture. Valuable Contents: These are part of your general contents but have a coverage limit of $2,500 in total for all items in the following categories: Works of art –Collections -Jewellery and watches.You can insure items in these categories for higher amounts by opting for Valuable contents as an additional benefit. Portable Contents: These are items that you or your family can take outside of your home. Coverage for these items is only available if you choose Portable contents as an optional benefit.
I'm placing some contents items in storage, how do I ensure that my items are covered?
General contents held in storage can be covered under Home Insurance policy if you inform CGU before moving your items into storage and if CGU's acceptance criteria are met. Refer to the Product Disclosure Statement for information on items not covered while in storage. Please note that Valuable Contents are not covered while in storage.
