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At MyState Bank we understand that everyone is unique, therefore people need different types and levels of Home Insurance cover.

So no matter if you need generous ‘new for old’ replacement Home Insurance cover; alternate accommodation for up to 12 months; cover for paintings, tapestries and other works; or just about anything else, we have the Home Insurance cover to suit you.

CGU Home Insurance policies through MyState Bank cover more than you expect. In addition to our competitive rates and flexible premium payment options, our Home Insurance policies also provide cover for frozen foods and misuse of credit cards.

These products are issued by Insurance Australian Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. Read MyState Bank's Financial Services Guide (FSG) for more information.

Key features

  • Easy payment options including pay-by-the-month at no extra cost
  • Apply easily online for Home and Contents Insurance
  • Listed Events - standard protection against fire or explosion, theft or attempted theft, lightning, earthquake, storm, rainwater or wind damage, and even a vehicle running into your home.
  • Additional Home and Contents Insurance cover for valuables – cover for precious valuables, including jewellery and cameras

Get what you really pay for.

Free online quote

Get a free online quote or purchase your policy now.

Frequently asked questions

1Why do you need home and contents insurance?

Home and contents insurance helps protect the value of your property, and things in it, in case of some unfortunate or unforeseen circumstances. There are a few different types of insurance so it’s important to know what each one covers to choose the best option for you. You can choose to take out a buildings policy, a contents policy, or a combined buildings and contents policy.

At MyState Bank we go a little further with our Accidental Damage Policy, offering you coverage of up to $2,500 incl GST for your phone and up to $3,000 incl GST for your bicycles. For full details, view our Product Disclosure Statement online.

Enjoy peace of mind knowing that if a window accidentally breaks, your insurance from MyState Bank is there to help you get it fixed. Other coverage options include replacing and repairing locks at entry points to your home, covering the loss of artwork including rugs, and even the loss of frozen foods as a result of the failure of a domestic freezer in an incident we have agreed to cover *.

You could enjoy new for old content cover and coverage Australia wide for bicycles, mobile phones, cameras and other photographic equipment*. The best home insurance policies are the ones that work for your life, your home and your family.


*Conditions, limitations and exclusions apply.

2What’s included in home and contents insurance?

CGU Home Insurance policies through MyState Bank may cover more than you expect. Once you have a thorough assessment of your home and its contents, you can then review an insurance policy that helps cover you against the loss of the things that are most important and precious to you.

Building Insurance

Insuring the value of your building will include gathering estimates that cover the cost of rebuilding should anything happen. You’ll need to map out the size of your property in m2 - a floor plan or tape measure will help with this! You’ll also need to know the building style that most accurately describes your home. Knowing when your home was built will help you track down the building style used. Once you have the size and the type of building, then you can begin estimating what it would cost to replace. Factors like the state that you live in, the wall type and structure, property elevation and how old your home is will help you find an estimated replacement cost per m2. For more information on how to get started on a new building insurance policy, click here.

Contents Insurance

When beginning an inventory of your home contents, take it room by room. This is probably going to be a very big list so it’s a good idea to allocate some time to this project. Count all of the rooms of your house including your kitchen, laundry, bathroom, bedrooms, entry hall and dining room. Don’t forget external spaces like patios, sheds, garages and carports.

What you choose to insure are usually the things that you absolutely need in the event of sudden loss or damage, or keepsakes and memorabilia that are difficult to replace. These can include things like your cutlery, crockery, appliances, linen, furniture, gardening equipment and furniture, unfixed personal electronics including laptops and mobile phones as well as clothes, shoes, bedroom furniture, etc. If you are able then it’s a good idea to take photographs of everything and keep a hold of your receipts in case proof of ownership needs to be made in the event of a claim.

You might also like to consult some home insurance information sheets like our bushfire preparation checklist, storm preparation checklist as well as guides to help you work out whether you have the right level of cover. For more information on how to get started on a new contents insurance policy, click here.

3How much is home and contents insurance on average?

The average cost of home and content insurance differs between states, reflecting different property values as well as different levels of insurance risk. There are a variety of resources you can use to evaluate an average daily and yearly cost and compare policies and providers before you choose an insurer. To get a free quote for CGU Home and Contents Insurance through MyState Bank, complete a quick 5 minute online form now.

Summary of key benefits

Use the table below to find out the key benefits of our Home and Contents Insurance to decide which cover is best for you. If you need assistance or more information, please contact us.

Key benefits
Accidental Damage
Listed Events
Accidental Damage cover
Yes
Fixed glass and windows only
Accidental Loss cover
Yes
No
Electrical burnout of motors and pumps less than 15 years old
Yes
Yes
Replacement of keys and repair and re-coding of locks and barrels for either external doors or windows
Unlimited
Up to $1,000
Money and negotiable documents
Up to $1,200
Up to $750
Credit card loss liability
Up to $5,000
Up to $5,000
Works of art including paintings and rugs
Up to $20,000 per item, unless specified separately
Up to $20,000 per item, unless specified separately
Loss of frozen foods as a result of domestic freezer failure
Unlimited
Up to $500
Loss of frozen food from any cause
Unlimited
No
No loss sharing penalty for underinsurance
Yes
Yes
New for old contents cover
Yes
Yes
Liability cover
$20 million
$20 million
Monthly payment option
Yes
Yes
Australia wide:
- Bicycles
Yes
No
- Mobile phones (up to $2,500)
Yes
No
- Photographic equipment (up to $2,500)
Yes
No
- Camping equipment
Yes
No

We’re here to help

With over 50 years experience our local, friendly staff can help you find what you're looking for.


1, 3 & 4 - Conditions, limitations and exclusions apply. 2 - Cover up to $5000 (incl. of GST).

MyState Bank Limited (MyState Bank) ABN 89 067 729 195 AFSL 240896 acts under its own AFSL and under an agreement with the Insurance product issuer, Insurance Australia Limited ABN 11 000 016 722 (IAL) trading as CGU Insurance. Consider the appropriateness of any product to your own circumstances, IALs normal underwriting, terms and conditions, acceptance criteria apply. Consider IALs Product Disclosure Statement (PDS) available at mystate.com.au.

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