AHM Home Insurance; You may know Ahm as one of the largest private health insurers in Australia, but the company now also offers a range of home and contents insurance options. You can choose from three policies; home insurance, contents insurance, and home and contents insurance and get extras like portable valuable contents coverage. Aham’s policies are insured by Howard.
Table of Contents
What types of home insurance does AHM offer?
AHM Home Insurance allows you to choose from three types of home insurance. Each type of insurance comes with a choice of two different levels of coverage: basic coverage and comprehensive coverage. The latter comes with higher limits and accidental damage coverage. The three policies are:
1. Home Insurance
This covers the physical structures that make up your home, which can include outbuildings, home improvements, and fixtures. You will be insured against events such as fire, theft, storm, malicious damage, and accidental breakage of glass. Do not cover the contents of your home.
2. Insurance contents
This policy only covers items and possessions kept in your home, which can include furniture, white goods, electrical appliances, jewelry, and contents in your home office. It can also cover carpets. Some of the major insured events include fire, explosion, theft, flood, and food spoilage.
3. Home and contents insurance
This covers the building and its contents. It can cover the costs of repairing or rebuilding your home and property held on the estate up to the security deposit. You will be insured against events such as fire, theft, storm, and malicious damage.
What will I get with AHM home insurance?
Here’s what’s covered with every AHM home insurance policy:
• Home Cover Only
What it says on the tin. This cover is for homeowners who need to protect their homes rather than the items inside. In addition, you will also get up to 20% off as a health member of Ahm or Medibank.
What’s included
- Flood
- Impact
- Theft
- Escape of liquid
- Riot, civil commotion, or industrial unrest
- Earthquake, tsunami, or volcanic eruption
- Fire, explosion, or lightning
- Accidental glass breakage
- Storm and rainwater
- Malicious damage
- Accidental damage – comprehensive only
Additional benefits
- Damage to landscaping
- Emergency accommodation
- Replacement locks
Home Cover and Contents
For homeowners who need to protect their homes and their belongings as well. In addition, you will also get up to 30% off as a health member of Ahm or Medibank.
What’s included
- Flood
- Impact
- Theft
- Malicious damage
- Escape of liquid
- Riot, civil commotion, or industrial unrest
- Earthquake, tsunami, or volcanic eruption
- Fire, explosion, or lightning
- Accidental glass breakage
- Storm and rainwater
- Accidental damage – comprehensive only
- Portable valuables cover across Australia – optional
Additional benefits
- Credit cards
- Contents in the open air at home
- Environmental benefits
- Emergency accommodation
- Damage to landscaping
- Visitor contents
Contents Cover Only
For people who just need a cover for their stuff. In addition, you will also get up to 20% discount as a health member of Ahm or Medibank,
What’s included
- Accidental glass breakage
- Storm and rainwater
- Flood
- Fire, explosion, or lightning
- Escape of liquid
- Riot, civil commotion, or industrial unrest
- Earthquake, tsunami, or volcanic eruption
- Impact
- Theft
- Malicious damage
- Accidental damage – comprehensive only
- Portable valuables cover across Australia – optional
Additional benefits
- Credit cards
- Contents in the open air at home
- Visitor contents
FAQ – AHM Home Insurance
Is AHM Home Insurance Legit?
Absolutely yes, AHM Home Insurance is one of the largest private health insurers in Australia, the company now also offers a range of home and contents insurance options.
What is the difference between home insurance and contents insurance?
Home insurance is for homeowners who live in their homes and want to insure their buildings and fixtures. Covers residential buildings, domestic outbuildings, fixtures, and services such as electricity, water, gas, swimming pools, paved driveways, etc.
Contents insurance is for homeowners who live in their own homes or renters who rent a home and want to insure their property. Content includes things like art, watches, jewelry, sporting equipment, carpets and rugs, furniture, electronics, bicycles, portable musical instruments, and more.
Am I covered in floods?
Whether you opt for home or contents insurance, you’ll be covered for home flooding. A fixed excess of $500 applies to each flood event.
What if I rent out my house, or part of it, on Airbnb occasionally?
They don’t provide cover if your entire home is rented through Airbnb (even if you’re just on vacation). However, you are covered if you only rent out part of your Airbnb home (up to 2 bedrooms) and you live in the house. But it is important to understand that our policy was not designed with this type of arrangement in mind.
What does accidental damage mean?
Accidental damage means damage caused by an accident to your home if you have home insurance, or contents if you have contents insurance.
You will only be covered against accidental damage if you choose the comprehensive coverage option on your policy.
Some things, such as scratching, chipping, or denting caused by normal use, are excluded.
Why do I need to pay an excess?
Your surplus is a contribution you make towards your claim. Excess reduces your premium to make your insurance more affordable.
I run a home business. Am I covered by AHM home insurance?
If you are running a home business you need to tell them as part of your disclosure requirements.
They cover the contents of your home office that you own, such as office furniture and personal computers.
But they do not cover trade tools, inventory, items used in connection with a business owned by a business owner (such as business-provided computers), or things like loss of profit or business interruption. Also, our liability coverage does not extend to anything arising in connection with or resulting from any action you do.
Conclusion
AHM Home Insurance allows you to choose from three types of home insurance. Each type of insurance comes with a choice of two different levels of coverage: basic coverage and comprehensive coverage. The latter comes with higher limits and accidental damage coverage.