A survey of a nationally representative sample of 2,009 Australians about their level of home and contents insurance coverage. The research comes at a time when insurance premiums are escalating and natural disasters are increasing in frequency and impact due to climate change.

Key findings

• The average 'middle Australian' household who forego their home and contents insurance and lost their home in a flood, fire or other natural disaster would lose three-quarters of their wealth if their home was destroyed.
• Almost one in five Australians admit their home is uninsured or underinsured. That represents around 1.4 million homes at risk.
• Of Australians who own their house outright or have a mortgage, 78% say their house is fully insured, 15% say their house is underinsured, and 4% say their house is uninsured.
• Of Australians who own their house outright or have a mortgage, 68% say their contents is fully insured, 19% say their contents is underinsured, and 10% say their contents is uninsured.