5 home insurance hacks: 5 benefits to look for

Don't settle for the bare minimum with your home insurance – find out how you can get cover for your needs.

Not sure whether you're getting as much benefit as you could from your home and contents policy? No problem – we show you some of the benefits worth considering.

Explore ALDI Insurance

1. Do an insurance health check

Your home insurance is a utility – just like your electricity, water, internet or any other service you're paying for.

There's no need to wait for your renewal notice to arrive to see if you can save money on insurance.

If you have an existing policy, you can cancel anytime. Just keep in mind there may be a cancellation fee, but the savings you could get from switching may well outweigh the cost of cancelling. Also, you'll receive a pro-rata refund for the remaining period of your insurance if you've paid for the year in full.

Let's take a squiz at ALDI Home Insurance as an example.

Deliberately designed to be straightforward, ALDI Home Insurance provides cover for situations like natural disasters and theft, as well as providing temporary accommodation if it's required for 12 months or up to 10% of your sum insured.

It's important to take the time to compare costs, inclusions and policy extras to find insurance that suits your budget and your circumstances.

2. Reduce your premium through proactive protection

Taking a proactive approach to protecting your home is important, especially in Australia, where we have a lot of natural hazards. It can mean the difference between spending your Sunday quietly cleaning your gutters – and lodging a claim.

With ALDI Home Insurance, homeowners can save up to 8%^* on their premium by being proactive. You can choose to receive complimentary smart home sensors (worth $250) that can alert you to avoidable mishaps like fire, water damage and theft. All you need is WiFi, a smartphone and active sensors.

3. Get your home office covered too

Work-from-home practices have become very common since 2020, which has meant many people have established permanent home offices.

So if you work from home regularly, it's important to consider the insurance implications. Think about the equipment you have in place – desks, monitors, keyboards, computers and other office supplies, for example.

If your home office suffered loss or damage, would you be able to replace them immediately? Or would it leave you in a financial hole?

ALDI Homeowners Insurance provides you with cover for eligible loss or damage to your home office equipment for up to $20,000. So if things do go wrong, the ALDI Insurance claims team is available 24/7/365 to help you get back on track.

4. Cover your investments

Home insurance is important for your own place – but what if you own investment properties?

Having tenants come and go exposes you to things you don't typically encounter in your own home.

Landlord insurance is uniquely structured to help protect you from both property damage and financial losses you might face. It may cover many of the usual incidents other property insurance covers, like fire or flood damage.

But the big difference is that there are landlord–specific features that home insurance doesn't always touch such as loss of rent and malicious damage or theft by tenants.

ALDI Landlord Insurance provides you cover for accidental or malicious damage and theft by tenants for up to 15% of your sum insured, as well as natural disasters. You can see the full details in the PDS.

Looking out for the right policy features for your needs can help provide peace of mind, while also helping protect your investment.

5. Extra cover for your contents

People tend to think of contents insurance as covering their big-ticket belongings. Wedding rings, TVs, jewellery, electronics and other valuables.

But sometimes it can be quite useful to know exactly the kinds of items that are covered inside and outside of the home.

After all, what if all your home office equipment got damaged? Or your phone went missing? What if some of your valuables went missing while you were moving house?

While you may not consider all your things to be particularly valuable, everyday items like furniture, electronics and clothes can add up quickly. If a pipe bursts and your flat floods, or if your valuable possessions are stolen, they may be expensive to replace.

ALDI Household Insurance offers cover for your contents at home and on the move, helping you protect the things you love.

So whether you own your home or are renting, you're able to make sure that your belongings are covered to suit your needs.

Learn more about Aldi Home Insurance

• More information about Aldi Insurance

  Insurance issued by RACQ Insurance Limited ABN 50 009 704 152, AFSL 233082 ("RACQI") and distributed and administered by Honey Insurance Pty Ltd ABN 52 643 672 628, AFSL 528244 ("Honey"). Honey administers the policy on behalf of the insurer, including sales, policy administration and assisting RACQI with claims management. ALDI Insurance Pty Ltd ABN 73 673 464 901, AR 1308867 ("AIPL"), promotes and distributes the insurance as an authorised representative of Honey but is not involved in claims management. Terms, conditions, limits and exclusions apply. Any advice is general advice only and does not take into account your personal objectives, financial situation or needs and may not be right for you. If you purchase an ALDI Insurance product, ALDI Stores (A Limited Partnership) ABN 90 196 565 019 ("ALDI Stores") is paid a Branding and Access Fee in relation to the services provided by AIPL which is a percentage of your premium. ALDI Stores is not responsible for issuing, distributing or administering such insurances. Always read the PDS (Product Disclosure Statement), any applicable SPDS (Supplementary PDS), FSG (Financial Services Guide) and TMD (Target Market Determination) available at aldiinsurance.com.au/documents before making any decision.

  *The Smart Home Program discount will be applied to your premium if you install and keep the smart home sensor kit operational. Each month we will assess your ongoing eligibility for the Honey Smart Home Program discount, based on your sensors being active. Where your sensors are not active, we may choose to remove your discount for the remaining period of insurance. Please refer to the PDS for full terms and conditions.