New-for-old replacement cover
All directcover Home and Contents Insurance policies include generous new-for-old replacement cover on most contents. In comparison, many other home insurance policies available in the market place today, depreciate items when you make a claim. So, when you make a claim you could end up with a fraction of the amount required to replace your damaged item at today's prices.
Also, all directcover Home and Contents Insurance policies provide optional cover for the full cost of repairing or rebuilding your home to its 'as new' condition.
Valuable items
Items such as your jewellery, objects containing gold or silver, collections of coins and medals, watches, cameras, sporting gear and some battery-operated electronic equipment are classed as valuable items.
Depending on the cover you select, the total amount of valuables insured varies as following -
- Protect Accidental Damage Insurance automatically covers valuable items worth up to $7,500 in total and up to $1,250 per item, set or collection.
- Protect Listed Events Home Insurance automatically covers valuable items worth up to $5,000 in total and up to $1,250 per item, set or collection.
- Protect Essentials Plus Home Insurance automatically covers valuable items worth up to $2,000 in total and up to $1,250 per item, set or collection.
Additional cover for valuable items is available as an option.
Liability cover
All directcover Home and Contents Insurance policies automatically include generous liability cover (up to $20 million).
