FAQs - Home and Contents Insurance

Taking out a policy
  • Q. How can I purchase a Home and/or Contents Insurance policy?

    A. You can get a quote and then buy securely online 24 hours a day, 7 days a week. You can pay with either a Visa or MasterCard or pay online via Direct Debit from your Bank, Credit Union or Building Society account.

    Give our team a call on 1800 887 707 to get a quote and purchase over the phone. Your quote will automatically include any applicable customer discounts. Our team is available Mon to Fri 8am to 5pm, Sat 8am to 2pm (AEST).

  • Q. Why buy online?

    A. You'll get a great 15%1 discount on your first year's premium when you purchase either a Home or Contents insurance policy online. If you combine Home and Contents insurance policies, you can save 30%1.

    There are many other benefits when purchasing Home and Contents insurance online:

    1. Do it when it suits you 24/7
    2. No forms or pen needed... ever
    3. It can be up to 40% faster than doing it over the phone
  • Q. Is it safe to purchase Home and Contents Insurance online?

    Your safety is of utmost importance to us. Our VeriSign certificate confirms that our online quote and payment system enables sensitive data to be safely encrypted. Please also make sure that the computer you’re using is protected with the latest internet security system.

  • Q. I am having trouble purchasing securely online, what should I do?

    A. Please call 1800 776 598 with your Quote Reference Number and we’ll give you a hand. We’re here to help Mon to Fri 8am to 5pm, Sat 8am to 2pm (AEST).

  • Q. Can I pay my insurance in monthly instalments?

    A. Yes you can. If you choose to pay by the month, please make sure payments happen on time (or your policy may be cancelled without notice).

  • Q. How is my home and contents insurance premium calculated?

    A. Home and Contents Insurance premiums are calculated based on the level of 'risk' the insurance underwriters (Auto & General) associate with you and your home and/or contents. So simple factors that differentiate you and someone else contribute to the perception of 'risk'.

    Risk is affected by the location of the home, what materials the home is constructed from, the security devices installed at the home, and how the home is occupied. For example, not all insurers treat each suburb the same. The frequency of claims is also considered carefully.

    Auto & General’s underwriting allows us to offer competitive rates.

Managing your policy
About our cover
  • Q. What are the best ways I can save money on my Home and Contents Insurance?

    A. Virgin Money believes that if your Home and Contents Insurance company has all the right information and is evaluating your risk level effectively you shouldn’t have to pay sky high prices. We give you a number of options that allow you to tailor your policy, choose whether you want to include these optional covers:

    • Flood Cover
    • Motor Burnout
    • Accidental Damage
    • Personal effects cover (only available with Contents insurance)
    • Sum Insured Safeguard (only available with Home insurance)
    • Commercial Storage (only available with Contents insurance)

    You can also choose the excess amount you pay if you need to make a claim, this will adjust the amount of premium charged for your Home and Contents Insurance.

    We also offer discounts when you purchase online. 

    Give our team a call on 1800 887 707 and they'll be happy to help.

  • Q. What happens to my discount in the 2nd year?

    A. The online discount applies to Virgin Home and Contents Insurance Price Saver cover only in Year 1.

  • Q. What benefits does Virgin Home and Contents Insurance offer?

    A. Benefits, which could be important to you include:

    • Choice of optional covers
    • Flexible excess option - alter your premium by adjusting your excess
    • Monthly payment option
    • 21 day money back guarantee if you cancel your policy and have not made a claim
  • Q. Who is the underwriter for Virgin Money’s Home and Contents Insurance?

    A. Our Home and Contents Insurance policies are underwritten by Auto & General Insurance Company Limited. Auto & General Insurance Company Limited is an Australian Insurer authorised to conduct insurance business in Australia by the Australian Prudential Regulatory Authority (APRA). Auto & General Insurance Company Limited is a member of the Insurance Council of Australia and participates in the Insurance Code of Practice.

  • Q. Do you have Flood Cover?

    A. Yes, we offer Flood Cover for an additional premium. Flood cover may not be available for some addresses.

    You'll find details about the events we insure in our Product Disclosure Statement.

  • Q. What is the Motor Burnout option?

    A. For an additional premium, the Motor Burnout option provides cover for loss or damage to electric motors during the period of insurance provided:

    • The burnout is caused by electric current and/or power surge, and
    • The motor is burnt out at the home.

    See the Product Disclosure Statement for further details.

  • Q. What is the Accidental Damage option?

    A. For an additional premium, the Accidental Damage option provides cover for:

    • Accidental loss or damage to your home caused by an accident which occurs at the insured address.
    • Accidental loss or damage to your contents caused by an accident which occurs in the home at the insured address.

    See the Product Disclosure Statement for further details.

  • Q. What is Commercial Storage?

    A. We will cover loss or damage caused by an insured event to contents stored in a commercial storage facility for your period of insurance. This only includes contents covered under your Contents Insurance cover, and during the period of insurance.

  • Q. What is the Sum Insured Safeguard option?

    A. (only available when you have Home Insurance cover)

    For an additional premium, the Sum Insured Safeguard option will extend your home sum insured up to an additional 25% if your nominated sum insured is not sufficient to replace or repair the damage to your home.

    See the Product Disclosure Statement for further details.

  • Q. Who is Auto & General Services Pty Ltd (AGS) and why do they appear in my Virgin Money Documents?

    A. Virgin Money has teamed up with AGS to offer you Home and Contents insurance with a range of flexible options and very competitive rates. AGS administers your policy on behalf of your insurer and is a related company of theirs. AGS holds an Australian Financial Services License and participates in the General Insurance Code of Practice.

  • Q. What is the Personal Effects Cover option?

    A. (Only available when you have Contents cover)
    For an additional premium, the Personal Effects Cover option provides cover for accidental loss or damage during the period of insurance:

    • Anywhere in Australia and New Zealand
    • Anywhere in the world - for up to 90 days of your departure from Australia

    Personal Effects are those personal items that belong to you that you might ordinarily take with you outside your home. See the Product Disclosure Statement for further details.