Home insurance notes

docs/finances/insurance/home-insurance.md

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+# Home insurance
+
+## Policy
+
+Provider: Allianz insurance
+
+Policy number: 21-S353023-DMP
+
+Renewal date: 8 April 2025
+
+Total annual premium: $1,625.28 ($135.44 per month)
+
+Biller Reference Number (BRN): 16210011524177
+
+Cover:
+
+- Buildings
+  - Rebuild: $577,200 (excess: $600)
+- Contents
+  - General contents: $76,575 (excess: $600)
+  - Portable contents: nil
+
+## Comparison Quotes
+
+Prices are for the first year (discounted premium).
+
+| Insurer              | Date       | Annual Premium                                                                     |
+| :------------------- | :--------- | :--------------------------------------------------------------------------------- |
+| AAMI (AAI)           | 12/04/2025 | $1,153.53, paid annually ($96.13 per month), building value $566,000 (max allowed) |
+| Australia Post (QBE) | 12/04/2025 | $1,302.08, paid annually ($108.51 per month)                                       |
+| QBE                  | 12/04/2025 | $1,335.79, paid annually ($111.32 per month)                                       |
+| Budget Direct        | 12/04/2025 | $1,450.90, paid annually ($120.91 per month)                                       |
+| Suncorp (AAI)        | 12/04/2025 | $1,538.86, paid annually ($128.24 per month)                                       |
+
+Details used:
+
+- Buildings
+  - Rebulid: $577,200 (excess: $600)
+- Contents
+  - General contents: $76,575 (excess: $600)
+  - Portable contents: nil
+- Policy start date: 30/04/2025
+- Year moved in: 2020
+- Building type: Free Standing Home
+- Built on: Slab
+- External walls: Brick Veneer
+- Roof: Colorbond
+- Year of construction: 2004
+- Quality of fittings: Standard
+- Number of bedrooms: 3
+- Number of bathrooms: 2
+- Number of covered car spaces: 2
+- Ducted Air-Con/Heating: Yes
+- Granny Flat: No
+- Shed: Yes
+- Security Alarm: No
+- Commercial use: No
+- Mortgage: NAB (for certificate of currency)
+- Oldest policy holder DOB: 26/06/1986 (Brad)
+- Claims in last five years: none
+
+## Strategy
+
+1. Switch insurers every year.
+1. Find the two cheapest insurers and alternate between them.