Rod222: You might check the limits. Unless its different down under. In the US, household contents insurance covers very little. Here it wouldn't even replace the binders (bare) that I have.
Thanks for your concern, however I know what I am doing.
I am covered for $40,000, for contents, and $5,000 stamp collection
I am covered for fire and explosion, flood, storm, earthquake, and lightning, theft and burglary, and items taken away from insured address (up to 180 days)
50 years without a claim
50 discount has been applied
Loyalty discount 5%
No Claim Bonus of 25% applies to my risk.
Have an excellent security system, some paid by our Govt.
Paid my annual fee this evening (Up by $17.34) a annual rise of 6.52%
Only risk, I see, is adequate insurance.
That can change with inflation of product prices.
That can result in underinsurance.