Insurance is something most people only think about when it is too late – when they need to make a claim.

And we’ve all heard the horror stories of people who thought they were covered only to find out that their policy didn’t cover them when they needed it most.

It doesn’t have to be this way

By taking a small amount of time to review what your policy covers, you can ensure you have the insurance that matches your busy lifestyle.

For example, we all know that home and contents insurance covers your valuables while they’re in your house. But modern policies such as CGU’s “Accidental Damage” acknowledge that we now live much more active lifestyles and can cover almost everything you own, even when you take your belongings away from your home.

This means you can relax when you are holidaying, knowing that if you drop your camera, lose your smartphone, or leave behind your iPad, you will be covered.

And you will be surprised what such a policy will cover you for.

What is covered?

If you love camping, your tent, sleeping bags, and other camping equipment are covered. And if you love your sport, lost sporting equipment is also covered as standard.

In almost any situation, you are covered for theft, accidental damage, loss and even storm damage; which can be just the peace of mind you need to truly relax on your holiday.

And by making sure you have the right cover for everything you own – whether it is at home or with you – you could save yourself a lot of money and heartache.

Don’t end up saying “I should have updated my insurance” after it’s too late.

To recap

Insurance cover is now available to meet your modern lifestyle, and can cover items taken outside your home as standard.

Most items do not need to be listed individually*, and you are covered for most forms of accidents – including naughty children and pets.

Many people question whether it’s worth having such insurance. But the real question is, why wouldn’t you have this cover?

As always, make sure you check the details of any insurance policy to make sure it is right for you and your situation.

*Item limits apply. Limitations and conditions apply. Refer to the PDS for full Terms and Conditions. Insurance is issued by CGU Insurance Limited ABN 27 004 478 371 AFSL 238291 (CGU). Queenslanders Credit Union Ltd ABN 85 087 651 063 AFSL 238022 acts under its own Australian Financial Services Licence and under an agreement with CGU. Any advice is general and does not take into account your personal circumstances. You can obtain a Product Disclosure Statement (PDS) for the product from any office of Queenslanders Credit Union Ltd or CGU. You should read the relevant PDS before making a decision.