Household Expenses Insurance

Household Expenses Insurance pays for your monthly expenses will you are unable to earn an income due to illness or injury.

 Typically paid monthly, these benefits are designed to cover core household expenses on your behalf during treatment and recovery. Expenses that can be covered by Household Expenses Insurance are:

  • Electricity
  • Gas 
  • Water 
  • Phone 
  • Rent 
  • Rates 
  • Body Corporate Fees 
  • Paid Television 
  • Internet 
  • House, Contents and Motor Vehicle Insurance Premiums 
  • Hire Purchase, Bank Loan or other Personal Loan Repayments 
  • Private School Fees

Whether you pay rent or have a mortgage on your own home, you can use the Household Expenses Cover to protect the other expenses in addition to any Mortgage Repayment Cover you may have. 

You have a choice of waiting periods, the period of time before your monthly Household Expenses Insurance claim payment begins after becoming disabled; commonly either 4, 8, 13, 26, 52, or 104 weeks. You also typically have a choice of two cover terms, either to age 65 or 70, and six common payment term options of 3, 6 or 12 months, 2 or 5 years, or to the end of the cover term.  I customize a choice for your needs and budget.