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Confused about the different types of insurance?

We cut through the clutter to provide clear answers.

There is a wide range of different types of insurance available, yet it makes sense to only have cover you need. Your needs will vary according to your circumstances and life stage. So it’s important to always have the type (and level) of cover in place that suits you and your family.

Let’s take a look at what’s on offer.

Cover for the assets you own

Your physical assets – your home, investment property, car and even jewellery, are all worth protecting, and there is a variety of insurance products available to cover these assets. We can explain the most suitable policy for your needs, along with strategies to save on premiums.

Cover to protect you and your family

In addition to insurance for your possessions, it is also worth taking out cover to protect against the financial impact of serious personal loss, illness and injury.

  • Life insurance protects the people who matter to you by providing a lump sum payout if you pass away. This can allow your family to enjoy a good standard of living free from financial hardship.
  • Income protection insurance provides a regular source of income usually equal to 70-80% of your regular income if you can’t work because of illness or injury.
  • Trauma cover pays a benefit if you experience a major physical trauma like a heart attack or stroke.
  • If you will never work again due to a permanent disability, a type of insurance called total and permanent (TPD) cover, offers a lump sum benefit that gives you the financial freedom to focus on receiving quality medical care.
What’s right for you?

The key to being well-insured is to have in place only cover that you need – and at the right levels.

We invest time understanding your circumstances, to recommend the cover that is right for you. It means financial peace of mind without wasting money on insurance that doesn’t match your circumstances.

What do I need to know about insurance?

Protect yourself

Find out more about all of the options available, from life insurance to income protection, that will help give you peace of mind.

Protect your home

Find out more about how we can help you protect your property with Home Building and Contents, Landlord, Mortgage Protection and LMI.

Protect your car

Mortgage Choice Car Insurance offers reliable and comprehensive cover so that you and your loved ones can travel with confidence.

Find out more

How can an expert help me?

Help you work out what it all means

Insurance is confusing, and there are so many different types and terms it can be overwhelming. Your Mortgage Choice financial adviser can help you cut through the jargon and work out what you need.

Help figure out what you need

Our local experts will help work out if you need general insurance or cover that is specifically tailored to yourself and your circumstances.

Answer your questions

Read questions that our mortgage brokers and financial advisers are often asked about the types of insurance cover available.

Find an expert

General disclaimer: Mortgage Choice Limited (Mortgage Choice) ABN 57 009 161 979 AR 382869 arranges Motor Vehicle, Home Building and Contents and Landlord insurance as agent of the insurer, Allianz Australia Insurance Limited (Allianz) ABN 15 000 122 850 AFSL 234708. Mortgage Choice can refer you to Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFSL 296559 for life insurance. We do not provide advice on this insurance based on any consideration of your financial situation, objectives or needs. Policy terms, conditions, limits, exclusions and underwriting criteria apply. Before making a decision please consider the Product Disclosure Statement (PDS) available at, by visiting a Mortgage Choice branch or calling 1300 736 085. Mortgage Choice receives commission, which is a percentage of the premium; details can be provided on request. Mortgage Choice does not guarantee or accept liability for any products offered by Allianz. Discounts may not be applied to any flood component of the premium (if applicable).

Minimum premiums may apply. Any discounts/entitlements may be subject to rounding and only apply to the extent any minimum premium is not reached. If you are eligible for more than one, we also apply each of them in a predetermined order to the premium (excluding taxes and government charges) as reduced by any prior applied discounts/entitlements.

Terms and conditions apply; please see the Product Disclosure statement for more information.

The Financial Services Guide – Mortgage Choice Insurances can be viewed here. This information has been prepared without taking into account your individual objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply.

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