Home Building & Contents

Insurance Briefing Paper

 

Home and contents insurance premiums have risen significantly in recent years. Based on an index of home building premiums, the average home building insurance premium has increased by 57 per cent over the last 3 years and have more than doubled over the past 5 years. 

Contents insurance premiums have also risen substantially, albeit to a lesser degree, increasing by 18.2 per cent over the last 3 years. Over the last five years, average contents premiums have increased by almost more than a third, between December 2008 and December 2013.

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