Our members are at the heart of everything we do. This really is a specialist area of the insurance market as the bulk of insurance companies do not want to provide cover for them. “There’s a pride of ownership that leads to impeccable housekeeping and, Also, he notes that homes built with 8-inch or larger logs may be better able to withstand windstorms, tornadoes and hurricanes. It's Your Choice, What is a Structural Envelope and Why You Should Focus on It. For more information on the NFIP, visit, The Ins and Outs of Insurance for Log Homes, Builder or General Contractor? Award winning home insurance. Log cabins are becoming more popular with people wanting to purchase a second or holiday home and they can prove to be an excellent investment and exceedingly durable, some cabins are well over 100 years old and with the right attention and service will remain in excellent condition. The Bank does not guarantee the … He started the company when he began researching log homes to build on a piece of rural property he owned. If you own expensive jewelry or collections, you may wish to purchase a separate rider to cover these items from damage or theft. Insuring your belongings: what you need to know. If you work from a home office, you may need to purchase insurance coverage for your office equipment. Alternatively call us on 13 2423. 4. Log Cabin Holiday Home Insurance Quote. Often, people purchase land with the hope of one day building a log home on the property. Keep in mind, too, that most home owner’s policies do not cover flood damage. You may need to carry as much as twice the value of your assets in this type of insurance. This really is a specialist area of the insurance market as the bulk of insurance companies do not want to provide cover for them. Talk with your agent about what amount of coverage is right for you. The list of serial numbers and the videotape should be stored somewhere other than in your home. ING Home and Contents Insurance is issued by Auto & General Insurance Company Ltd ABN 42 111 586 353 AFSL 285571 as insurer. If you log cabin insurance policy does cover loss of rental income it must be remembered that this cover is as a result of an insured peril occurring at the property and will not provide an indemnity in respect of the renter simply not paying the rent that is due or deciding not to go on vacation. Alexander’s company has been insuring log homes since 1999. If you are serving as your own general contractor, you’ll need to check into a few other types of coverage during construction. If this is the case, your quote should include the correct form of liability insurance cover. Additional liability insurance may be necessary if clients regularly visit your home office. You should also read the Key Fact Sheet (KFS) and Financial Services Guide (FSG) by clicking on the links, or by calling us on 13 2423 for a paper copy. CommInsure is a registered business name of CIL. Introduction – obtaining an insurance quote for your Holiday Home can be difficult and time consuming, obtaining a holiday home insurance quote for a log cabin, can be nigh on impossible. If you have purchased combined Building and Contents Cover, a discount of up to 15% will be applied to your basic premium. It is distributed by Auto & General Services Pty Ltd ABN 61 003 617 909 AFSL 241411 (AGS) and by ING Bank (Australia) Ltd ABN 24 000 893 292 as Authorised Representative 1247634 of AGS. Terms & conditions Offer criteria ~ Frozen and refrigerated grocery loss coverage for loss or spoilage to frozen and refrigerated food up to the value of $500 caused by unforeseeable interruption of the public electricity supply to your home. Residential Home Package. A Product Disclosure Statement (PDS) is available at all Commonwealth Bank branches, by downloading them from commbank.com.au or by calling 13 2423 and should be considered before making any decisions about this product. CommInsure is proud to be a signatory to the General Insurance Code of Practice, for more information on the code visit www.codeofpractice.com.au. This discount cannot be used in conjunction with any other discount (other than those listed in the relevant Product Disclosure Statement or any Supplementary Product Disclosure Statement) or in conjunction with any other promotional offer, unless we have advised in the promotional offer that this discount will apply. All products featured are carefully reviewed and selected by our editors. You may need to purchase special flood insurance through your agent or through the National Flood Insurance Program (NFIP). When deciding about buying a log cabin as a second home over a more traditional stone built property, many people wonder as to the security & safety issues. The online discount does not apply to Portable Contents Cover when taken as a standalone policy. How much home owner’s insurance you should carry is a topic to discuss with your insurance agent. This kind of policy typically covers building materials and the partially built structure from damage or loss caused by theft, vandalism, weather and fire. Renovated or bought new things – do you have enough insurance? With the Residential Home Package you can choose the cover options most important to you as a homeowner. Along the way, he discovered that log homes are a good risk. 13 may be unlucky for some, but not CommInsure, the only brand to achieve the Canstar Award for Outstanding Value Home and Contents Insurance for 13 years in a row. You should, before acting on this, consider the appropriateness of the product to your circumstances. When purchasing your building for the first time, you should review all security arrangements in place at the property bearing in mind the location and remoteness of the property and also pay attention to any special security provisions required by your holiday home cabin policy provider. One commonly held belief about log homes and insurance does hold true. As a property owner, you don’t need to be overly concerned about insurance. CIL is a wholly owned non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (The Bank). Our home insurance can cover up to an additional 25%, on top of your building and contents sum insured when it isn't enough to cover your loss.2, Enjoy a wide range of standard inclusions like cover for loss or damage caused by flood, fire, theft, motor burnout and more.3. You may have taken a large number of vacation bookings for your holiday log cabin only to find that following a fire, you will be unable to rent the property. Today, knowledgeable insurers understand the choice to use log construction should have little impact on a home owner’s ability to obtain insurance. Typically, the premiums for this type of insurance are based on the number of workers you employ and what type of work they perform and are paid in advance. Log on Insurance / Home insurance / Residential Home Package. When you buy a new home insurance policy online a premium discount of up to 10% is applied to your first year’s premium, including the following optional covers if selected: Accidental damage, Flood, Motor burnout and Portable contents. You can enquire as to the construction of new builds as in the main, they are treated with Fire retardant which provides protection by means of delay. Typically, subcontractors, such as a plumbing company, will carry worker’s compensation for their crew members. Generally, insurance companies are wary of homes with wood shake. Our cover includes additional benefits such as alternative accommodation costs, contents in transit, domestic pet cover and more.