Should I get buildings and contents insurance together?

Should you get buildings and contents insurance together in Australia, yes for most homeowners it is better to get combined building and contents insurance together from same insurer because it is cheaper, simpler and avoids gaps. Combined policy costs $1,800 to $2,500 per year for average house with $500K building and $80K contents, versus separate building $1,200 to $1,800 plus contents $400 to $800 total $1,600 to $2,600, so combined saves 10% to 15% via multi-policy discount $150 to $300 per year, and you have single excess, single renewal and single claims process. It also avoids gaps where building insurer blames contents and vice versa for events like fire and storm, with combined you have one insurer handling all. For example, if fire damages both building and contents, combined claim is one excess $500 versus two excesses $500 each if separate. However, there are cases where separate may be better, if you live in strata unit where building covered by strata insurance via levies, you only need contents insurance $300 to $500 per year. Or if you find cheapest building from Budget Direct and cheapest contents from Youi, separate may be cheaper than combined from one insurer, though usually combined discount makes same insurer cheaper. For renters, you only need contents. So for homeowners with house, get buildings and contents together for discount and simplicity, for unit owners only contents, and always compare combined versus separate quotes to ensure best price and flood cover included.