Home insurance in Darwin

‘Home insurance’ is often used as a blanket term for the following types of cover:

• Home insurance typically covers the building and other structures at your insured address, such as garages, sheds and fences. Home insurance is also known as ‘home building insurance’ or ‘building insurance’.
• Contents insurance policies provide cover for items and valuables at the insured address. Portable items may also be covered if you purchase optional cover with your policy.
• Combined home and contents insurance includes the features of home insurance and contents insurance in one policy.
• Landlord insurance generally provides building insurance cover for your investment home. Landlord contents insurance is also available to cover items and fixtures in your rental home.
• Strata insurance is typically included in body corporate fees and covers apartments and townhouses.

Here is a guide to what’s typically covered and excluded in Darwin by different types of home insurance policies.

For full details on insured events, exclusions, optional cover and policy limits, read the relevant Product Disclosure Statement (PDS). The Target Market Determination (TMD) could also help you determine if the product is suitable for your circumstances.

Throughout Australia, multiple factors that impact home insurance premiums are considered when calculating premiums, including your level of cover and sum insured. In Darwin specifically, here are some things that could impact the cost of your home insurance policy:

• Weather events in your area. Darwin has a tropical climate and is susceptible to weather events like storms, cyclones and bushfires. Insurers typically take this into account when calculating your home insurance premium – especially if you add flood cover to your policy.
• The age of your building. After Cyclone Tracy, homes in Darwin that were built in 1975 and beyond were made to withstand cyclones up to a certain severity.¹ As a result, homes built before 1974 could attract a higher premium.
• Crime rates in your suburb. If you live in a suburb with a higher crime rate, there could be a greater chance of theft or malicious damage impacting your home.

Generally, the higher your chance of making an insurance claim, the more you’ll pay for your cover.

Home insurance isn’t mandatory for homeowners in Darwin, the Northern Territory, or elsewhere in Australia. However, it could provide Territorians peace of mind knowing their home could be covered for the weather events Darwin is known for, as well as other insured events.

• Compare home and contents insurance quotes
• Home insurance in the Northern Territory
• Landlord insurance in the Northern Territory
• Home building insurance
• Accidental damage cover