Here at Ascend Financial Freedom we like to make your home loan process as easy and simply as possible. So we have teamed up with QBE Insurance to become authorised representatives of QBE and can offer home & contents insurance. This is great as through the loan contract and settlement stages of your home loan we can now save you time and headaches and sort this out with you. This includes your Certificate of Currency.
Below you’ll find information on the products and building & content insurance calculators to help you get a fair idea of the cost.
Who is QBE?
Founded in 1886, we have a long and proud history, and today are a top 20 international insurer. QBE are shaping their future, focusing on what really matters, building a stronger, simpler QBE with the courage to do things differently.
QBE Australia is part of the QBE Insurance Group, one of the world’s top 20 general insurance and reinsurance companies.
QBE provide a broad range of insurance products to personal, business, corporate and institutional customers. From car and home insurance, to tailored business packages and specialist cover for industries such as aviation and farming.
QBE are all about meeting our customers’ needs. QBE do this by seeking to understand their customers and developing competitive, flexible insurance cover that works for them, and by continually striving to deliver the highest level of service, from quote to claim.
Types of Cover
Below you’ll find the benefits of the insurance policies we have to offer through QBE Insurance. to get the full list off details please make sure to download a copy of that products disclosure statement.
Please note that below examples include home & contents insurance, however when taking on a policie you do not need to take both home & contents.
QBE Home Cover
Below is covered under the Home Cover policy for Home & Contents
New for old replacement cover for buildings
New for old replacement cover on most contents
Option to pay periodically at no extra charge†
$30 million liability insurance
Flood cover
Cover for your building and/or contents due to a power surge
Identity theft
Electrical motor burn out up to 15 years
Building safeguard
Cover for veterinary expenses up to $500, if your domestic pet is injured as a result of vehicle impact, fire, lightning or earthquake
Food spoilage reasonable up to $500
For full QBE Home Cover details, please refer to the Product Disclosure Statement
Below is covered under the Home Cover Prestige policy for Home & Contents
Accidental loss or damage cover
New for old replacement cover for buildings
New for old replacement cover on most contents
Option to pay periodically at no extra charge†
$30 million liability insurance
Flood cover
Cover for your building and/or contents due to a power surge
Identity theft
Death caused by an insured event benefit up to $10,000
Electrical motor burn out up to 15 years
Building safeguard
Cover for veterinary expenses up to $750, if your domestic pet is injured as a result of a vehicle impact, fire, lightning or thunderbolt or earthquake
Food spoilage reasonable
Cover for your guest’s personal property up to $10,000
Unspecified valuables cover up to 90 days, worldwide
For full QBE Home Cover details, please refer to the Product Disclosure Statement
Avoiding the risk of under-insurance is essential for every home owner. It is therefore important to understand the total replacement cost of both your home and belongings.
For your insurance to be effective, it needs to be both adequate and up to date. Through our association with QBE Insurance, you can access their online calculators below to quickly and easily help estimate the cost of replacing your home and the things inside it.
Your Home
Rebuild costs vary from state to state and are affected by the size, style and standard of your home and the materials used to build it. For example, homes built on sloping land, or those with extensive fencing, paving and retaining walls have higher rebuild costs.
Often forgotten, the calculators automatically include the cost to remove debris and professional fees (such as architects and engineers).
The Building Sum Insured Safeguard benefit is all about peace of mind. It protects you if you correctly use the Home Building Calculator to calculate your sum insured and the estimate it provided was inadequate. If this happens, the Safeguard benefit covers you for up to 30% more than your building sums insured, payable in the event of total loss. You will need to provide a copy of the Building Replacement Estimate in the event of a claim soplease download and save a copy of the full report and keep a printed copy in an off-site location.
More information regarding this benefit can be found in the Product Disclosure Statement and Policy Wording.
Your Contents
Replacement costs vary depending on the quantity and quality of your contents; and large homes tend to be more extensively furnished than units or townhouses.
Your sum insured will vary depending on the quality of your furnishings – ‘average’ lowest price furnishings, ‘quality’ above average price, or ‘prestige’ tailor-made, high-priced furnishings.
Also some ‘high risk’ items are of such a personal nature that their value varies according to taste. For example: sporting, photographic and entertainment equipment and jewellery.
The Home Contents Calculator takes each of these elements into consideration when estimating your sum insured. Should the worst ever happen, new for old replacement on most items ensures your lifestyle is disrupted as little as possible in the event of a claim.
Once you’ve used the calculator, take a moment to compare it to your current sum insured to decide if it needs adjusting.
Here are a few things to remember:
-Costs vary over time, so review your sum insured every year
-Re-evaluate your sum insured when you renovate and make new purchases
-Accurate valuations can be provided by an independent professional such as a quantity surveyor, valuer, or other suitably qualified professional
-The cost of rebuilding your home is not the same as its real estate value
