What is not classified as personal property for insurance purposes in Australia includes building structure $500K to $1M, land $300K to $600K, permanent fixtures like kitchen, bathroom, plumbing, motor vehicles $10K to $50K, business stock $10K to $50K and unlisted high value items over $1K limit, which are not covered under contents personal property $30K to $80K $300 to $800 per year. For insurance, personal property, also called contents, means movable items for personal use like furniture $10K, electronics $10K, clothing $5K, jewellery $2K to $10K, appliances $5K, but not classified as personal property includes building structure walls, roof, floors $500K to $1M covered under building insurance $1,200 to $1,800 per year for $500K, land $300K to $600K not insurable as land not destroyed, permanent fixtures like kitchen cupboards, bathroom, plumbing, electrical, built-in wardrobes part of building not contents. Motor vehicles $10K to $50K not classified as personal property for home contents, covered under car insurance comprehensive $800 to $1,500 per year, third party property $300 to $500. Business stock, tools, equipment $10K to $50K not classified as personal property for home contents, requires business insurance $500 to $2,000 per year. High value jewellery over $1K per item not classified as personal property unless specified $10K cover $100 per year extra with valuation. So not classified as personal property for insurance includes building, land, fixtures, motor vehicles, business stock and unspecified high value items over $1K limit.
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