Display Home Insurance Australia
Biima
Eliminating Uncertainties with Display Home Insurance
Houses used as display homes are more vulnerable than residences. They face increased risks like vandalism, break-ins, and natural disasters. Therefore, a specialised cover, such as Display Home Insurance, is essential to protect them. Whether YOU are a builder, a real estate agency, or an individual, YOU can effectively avert potential problems with a display home insurance policy in Australia.
Here are the scenarios where this policy can benefit YOU and YOUR property:
- Standalone display homes
- Display homes located in display villages
- Builder-owned display homes
- Display homes used for temporary accommodations
- Properties leased back to the builders/developers to use as display homes
A typical Household Building & Contents policy may fall short in these instances, while a Residential Landlord policy is not applicable. Display Home Insurance is the best solution to safeguard YOUR property.
The policy can cover various aspects and potential risks of YOUR property; including the building, glass, loss of rent, fixtures and fittings, and more. However, the terms can change from policy to policy, so utmost care and caution are advised when choosing the coverage. An experienced insurance broker, such as BIIMA, can greatly help here.
Contact our brokers to discuss YOUR specific needs for a display home insurance policy. We will scour the insurance market, run comparative analyses, and determine the best option for YOUR needs. We are qualified professionals as per the standards of ASIC, so rest assured about our competency and commitment.
Display Home Insurance Australia
Insurances
Insurances We Provide
At BIIMA, we bring YOU a full spectrum of insurance policies from leading market players to protect YOU, YOUR assets and YOUR business – manage risks and live with added peace of mind.
Why Choose BIIMA For YOUR Display Home Insurance in Australia?
01
Tailored Solutions
Providing personalised insurance support for businesses and individuals since 2015.
02
Diverse Portfolio
A rich insurance portfolio – 85% commercial and 15% personal insurance.
03
Customer-First
We keep YOUR interest, YOUR need, and YOUR satisfaction at the CORE of our Insurance Solutions.
04
Multilingual Experts
We have a multilingual team, so language would never be a barrier to us.
Avail of the Best Expertise & Tailor the Most Accurate Insurance Solution
Insurance by Industry
Industries We Cater
We assess risks and vulnerabilities inherent to YOUR industry and ensure YOU are covered where it matters the most. Whether YOU are a small enterprise or a large-scale business, access tailored insurance solutions with us. Diverse industries, ONE Insurance Broker firm!
Most Asked Queries
Frequently Asked Questions
Does display home insurance cover damage caused by visitors?
Yes. YOUR display home insurance policy does cover the damages caused by visitors during tours and events. It can damage the furniture, walls, fixtures, or any other part of the property. However, the extent of coverage depends on the insurer and the policy terms. Review YOUR coverage carefully before finalising it.
Therefore, most businesses and individuals prefer to work through an insurance broker. With such a professional on YOUR side, YOU can rest assured that everything is as YOU want and need.
Can I customise my display home insurance in Australia?
Absolutely. An insurance policy is nothing if not for customisation. Each person has their unique circumstances and financial capabilities, so it is crucial to personalise a policy accordingly.
For starters, select different levels of coverage for key areas, such as:
- Property damage
- Public liability
- Theft and vandalism
- Contents protection
YOU may also include some add-ons to the policy, like loss of rental income or flood cover, for enhanced protection. Plus, YOU can determine the premiums YOU want to pay, ensuring YOU stay financially comfortable. Overall, YOU can customise YOUR display home insurance policy in more ways than YOU think.
Speak with our team to discuss YOUR preferences further.
How do I find the right coverage for my property?
Determining the right insurance coverage for YOUR display property involves several essential steps.
- Step 1 – Evaluate the property’s value, contents, and unique features requiring additional coverage.
- Step 2 – Consult with insurance brokers specialising in display home insurance to guide YOU through available coverage options
- Step 3 – Compare quotes from different providers to ensure you’re getting competitive rates along with comprehensive coverage
- Step 4 – Review the terms carefully, paying attention to exclusions and limits, and consider customising the policy to include public liability, theft protection, and coverage for accidental damage.
- Step 5 – Discuss YOUR concerns and ask questions about specific risks, which can help YOU make an informed decision.
What information do I need to provide when applying for display home insurance?
Providing accurate information is key to ensuring appropriate coverage for YOUR display property. What YOU submit may differ from insurer to insurer, but here are some must-have details to keep ready.
- The estimated worth of the house and its contents
- Details of the property’s location, including the address and any specific area characteristics that may influence risk.
- The construction materials used and any special features, such as security systems or smart home technology
- The expected volume of visitors and how frequently the home is open to the public.
Lastly, be prepared to provide information about past claims related to the property or the builder, as this can influence YOUR premium and coverage options.
Collecting all this information beforehand will streamline the application process and help YOU secure the right policy for YOUR display home.
Are there any exclusions in display home insurance?
Yes. Display home insurance policies typically include various exclusions. It can help YOU mitigate risks and protect YOU against unforeseen events.
Common exclusions may involve –
- Damage caused by wear and tear (deemed as a natural part of property ageing)
- Intentional damage caused by the homeowner or their guests
- Damages from pest infestations or neglect
- Certain natural disasters, such as earthquakes (not be covered unless you opt)
Thus, reviewing the policy documents carefully is vital, ideally with an insurance professional. Feel free to discuss any potential exclusions with YOUR insurer and resolve the issues beforehand. Connect with our brokers at BIIMA for more information.