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Home Insurance : Focus on Renovating

There is a huge demand in DIY-style renovations across Australia and unfortunately many Australians head into their renovations without proper planning, or advising their insurance company. This potentially places the very thing they’re working so hard to perfect at risk – their home. 


As protecting our homes properly with insurance is often overlooked by many Aussie homeowners when renovating here are some tips to help you.


  1. Whether you are buying a new home and contents insurance policy, or you have an existing home and contents insurance policy, it is important to let your insurer know if you intend to renovate your home. Insurers need to know this information as renovations ca affect the risk of property. Depending on the nature or value of the works, some insurers may require you to pay an additional premium, alter the terms and conditions of your policy before providing cover or exclude cover altogether. If you do not inform your insurer of your renovations your insurer may even refuse to pay a claim. So you should promptly contact your insurer to let them know that you are intending to renovate, so you can avoid any surprises


  1. You should take the opportunity when renovating to address some of the wear and tear issues around your home. For example, if you have tradespeople doing plumbing work, it might be cost effective to do a simple check of old taps and connections when they are there. Poor connections from the water main to major appliances, sinks, and toilets is one of the top reasons for water damage to a home – and often the cost to get them replaced during renovations is less than the excess you have to pay in the unfortunate event that you need to make a claim.


  1. Lastly, when the renovation has been completed, we recommend that you review your sum insured to check it is adequate. Contact your insurer if you need to adjust your sum insured, or, if you simply need to let them know that your renovations are complete.



Insurance and Membership Services Limited ABN 59 057 159 743, AR No 246235 trading as COTA Insurance  arranges this insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No. 234708. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision, please consider the relevant Product Disclosure Statement available from If you purchase this insurance, we will receive a commission that is a percentage of the premium, paid for each policy ranging from 0.3% to 30%. Allianz also pays us a percentage of the profit which exceeds the agreed profit threshold for Home (excluding flood), Landlord (excluding flood), Motor and Caravan and Trailer policies arranged by us or renewed with Allianz in each calendar year, provided that the agreed premium threshold is met for these products. Additionally, we receive a marketing allowance from Allianz every 2 months, which is a percentage of the total premium earned on these policies in the previous 2 months. Ask us for more details before we provide you with services.

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