Single item insurance
Single item insurance lets you pay less by only insuring important stuff like your laptop.
With single item insurance, you can cover one or more individual items in your home. It's slightly different from traditional contents insurance because it lets you pick and choose specific items you want to protect, such as your laptop and camera. It can cover you for events including fires, theft or accidental damage.
Compare brands for single item insurance
1 - 5 of 5
What is single item insurance?
Single item insurance is a new type of insurance that covers individual items, such as your camera or laptop, rather than whole categories, in the way that contents insurance does. You can insure more than one item and examples of what it can cover include:
Who offers single item insurance?
As its popularity increases, there are now a number of providers offering single item insurance. Some of these providers are:
- Raiz
- Bendigo Bank
- Insurance4that
- NRMA
Is there a difference between single item insurance and portable contents?
Yes. Here's what they both do:
- Single item insurance. This functions like contents insurance, except it only covers individual items inside your home, as opposed to everything in your home.
- Portable contents insurance. This protects your items when you take them away from your home. It's usually only available as an add-on with single item and home insurance policies, which means you'll need to pay extra to get it included.
Should I get single item insurance or contents insurance?
Here's the pros and cons of a single item insurance policy.
Pros
- It's usually cheaper than contents insurance.
- It's good if you just want to protect a couple of expensive items in your home.
Cons
- A contents insurance policy can offer much better value for money.
- A contents insurance policy can cover those items and a lot more (from carpets and curtains to furniture and white-goods).
- You'll usually still have to pay an excess when you make a single item insurance claim.
What's covered by single item insurance?
Single item insurance generally lets you insure the same items that would ordinarily be covered in a contents insurance policy. These items include:
- Jewellery and watches
- Laptops
- Cameras
- Bicycles
- Personal electronics
- Gaming accessories
- Musical instruments
- White goods e.g. fridges, ovens etc
- Sporting and camping equipment
- Furniture
- Home audio and visuals
- Tablets
- Desktop computers
What's not covered by single item insurance?
There are some items that single item insurance ordinarily won't cover. These include:
- Motorcycles, vehicles, caravans and trailers
- Motorised golf buggies or carts
- Ride-on lawnmowers
- Mobility scooters
- Tools, e.g. work equipment such as drills and saws
- Any items and stock used for your business or profession
- Gemstones
Our expert says
"Single item insurance can be a convenient way to protect specific valuables you own but it's not always the most cost effective option compared to contents insurance – which protects all, not just some, of the items in your home."
More resources on Finder
More guides on Finder
-
Shed insurance
Shed insurance can cover sheds of all shapes and sizes, as well as their often-valuable contents.
-
How useful is a home insurance calculator?
A home insurance calculator can give you a rough estimate on the value of your home and contents. But is that what you really want? Find out how to not underinsure or overinsure your home.
-
Defence Services home insurance review
If you serve or have served, you are probably eligible for home insurance with the Defence Service Homes Insurance Scheme.
-
Home insurance for water damage
Find out how home insurance can cover water damage and how to avoid some of the pitfalls.
-
GIO home insurance review
GIO home Insurance has one of the most comprehensive policies around, covering you for environmental upgrades, emergency accommodation + more.
-
How to cancel your home insurance
Cancelling your home insurance is actually quite simple and you can do it at any time.
-
Kogan home insurance review
How does Kogan home insurance compare? See how it works, and some of the fine print to look out for.
-
Motor burnout insurance
Motor burnout covers those big appliances in your home in the event that they let you down. This article will show you what it is, why it's important and how much it can cost you.
-
Phone insurance – all you need to know
With a variety of insurance options to protect your mobile phone, here's what you need to know.
-
Allianz Home Insurance review
Allianz's Home & Contents insurance includes higher benefit limits than some other popular providers, but it can be lacking in optional extras.
Ask a question