Because of the above, obtaining insurance for your timer property is essential and you will need to obtain it from an insurer that have experience of this class of risk and are prepared to accept the additional risks associated with holiday letting. 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. Fire is always the biggest worry and whilst we have mentioned above that the end result can result in a more serious insurance loss, Fire evaluation and risk assessments on timber buildings show them to be safe. 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. / You should, before acting on this, consider the appropriateness of the product to your circumstances. The insurance you obtain should include all the usual perils associated with building insurance but it is best to check the policy wording before you buy to make sure you have the correct cover you require. 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. The Insurer for general insurance products (unless otherwise specified) is The Hollard Insurance Company Pty Ltd ABN 78 090 584 473, AFSL 241436 and for all life insurance products is Hannover Life Re of Australasia Ltd ABN 37 062 395 484. 2 Gap Cover does not apply to Portable Contents Cover, Domestic Workers’ Compensation Cover, Items with a maximum claim limit and Legal Liability. 1 If you have purchased Building Cover or Contents Cover online, a discount of up to 10% will be applied to your basic premium. 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. Insurance All products featured are carefully reviewed and selected by our editors. AAMI Home Building and Home Contents Insurance, Landlord Insurance, Strata Insurance, Car Insurance, Motorcycle Insurance, NSW and SA CTP Insurance, ACT MAI Insurance, Caravan Insurance, Business Insurance and Travel Insurance are issued by AAI Limited ABN 48 005 297 807 AFSL 230859 (AAI) trading as AAMI. Registered Office, Level 28, 266 George St, Brisbane QLD 4000. Our members are at the heart of everything we do. The list of serial numbers and the videotape should be stored somewhere other than in your home. In essence, there is no reason why a log cabin should be any less secure than a property fashioned out of more traditional materials. With construction behind you, you’ll need to begin regular home owner’s insurance on your new log home. As an Amazon Associate, we earn a commission from qualifying purchases. 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. Web chat is available between 8am–8pm, Mon–Fri and 9:30am–6:30pm, Sat–Sun. 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. In addition to builder’s risk and a liability policy, you may need to carry worker’s compensation insurance and disability benefits for workers you employ. 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. CIL is a wholly owned non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (The Bank). This kind of policy typically covers building materials and the partially built structure from damage or loss caused by theft, vandalism, weather and fire. Helping you protect one of your most valuable assets. CommInsure is a registered business name of CIL. © 2020 Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945. Yes, if you need to make any adjustments, simply call our office and we will discuss your requirements with you, Full details of how to make a claim are contained on your schedule of insurance, Yes, if you just provide us with their information, we can include their details on your schedule of insurance and can supply them with copies of your documents if required, Yes our policy contains cover for all "Perils" that a mortgage lender would require to provide a mortgage on the property, © 2020 All Rights reserved Assetsure is a trading name of Hildon Park Ltd which is Authorised and Regulated by the Financial Conduct Authority No.592997, Our phone lines are reserved for our customers or potential customers who may also contact us using the, Comprehensive insurance for Electric bikes, Militaria / Military Collectable Insurance. How much home owner’s insurance you should carry is a topic to discuss with your insurance agent. Our claims specialist will contact you by the next business day to go through the details. Residential Home Package. 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.