A smarter way to protect your home or investment property, with cover in 3 minutes and smart home sensors included.
Mates Rates Mortgage Brokers has partnered with Honey Insurance to offer homeowners and landlords a smarter way to protect their property. Honey Insurance uses technology to make getting the right cover fast, accurate, and more affordable, with smart home sensors included at no extra cost and an annual premium discount for using them.
3-minute quote
Technology identifies your home’s size, rooms, construction year, and building materials, so you spend less time on paperwork.
Smart home sensors included
Receive smart home sensors valued at $250 when you take out cover. Sensors alert you to fire, water damage, and theft before they become major claims.
Up to 8% premium discount
Because your smart sensors reduce your risk profile, you receive a discount of up to 8% on your premiums, not just in year one but every single year of your cover.
Honey Insurance’s standard cover for homeowners includes the following:
| Natural disaster | Covers damage from floods, fires, and storms. If your home is completely destroyed, Honey covers the cost of reconstruction and replacing your contents. |
| Extra rebuild allowance | In addition to your agreed sum insured, Honey pays up to 30% more if needed to cover demolition and design fees. |
| Home office equipment | Coverage of up to $20,000 for damage to home office equipment. Up to 4 times the industry norm. |
| New for old contents | If something is stolen or vandalised, Honey covers the cost of replacing it at today’s value, not the depreciated value. |
| Water damage | Covers clean-up and repair costs if your home and contents are damaged by water. |
| Temporary accommodation | If your home is uninhabitable, Honey covers temporary accommodation costs for up to 12 months. |
| Liability and legal protection | If someone is injured at your home, Honey covers medical expenses and, if you are sued, appoints and covers the cost of a lawyer to defend you. |
Both car loans and personal loans are available with fixed or variable interest rates. The right choice depends on how you want to manage your repayments.
Honey Insurance’s cover for landlords includes the following:
| Natural disaster | Covers damage from floods, fires, and storms. If the property is completely destroyed, Honey covers the cost of reconstruction. |
| Tenant damage | Covers repair costs for damage caused by tenants, up to 15% of your sum insured. |
| Loss of rent | If your property is uninhabitable and being repaired after an insured event, Honey pays the net rental income for up to 12 months or up to 10% of your sum insured. |
| Theft or vandalism | Covers the cost of replacing stolen or vandalised items at today’s value, up to 15% of your sum insured. |
| Water damage | Covers clean-up and repair costs if the property is damaged by a water leak or burst pipe. |
| Rent default | If your tenant is in rent default, Honey pays the net rental income up to $5,000 after the bond entitlement. |
| Fixtures and fittings | Loss or damage to floor coverings, blinds, and curtains caused by an insured event is covered up to 5% of your sum insured. |
| New for old coverage | If any of your property contents need to be replaced, you are covered at today’s value, not the depreciated value. |
| Extra rebuild allowance | In addition to the agreed sum insured, Honey pays up to 30% more if needed to cover demolition and design fees. |
Additional cover is available for motor burnout. If an electric motor in an appliance less than 10 years old burns out, Honey Insurance may cover the cost of repairing or replacing it.
Both policies share core protections but are designed for different situations. Here is a quick summary of the key differences:
| Cover feature | Homeowners | Landlords |
|---|---|---|
| Natural disaster | Yes | Yes |
| Extra rebuild allowance (30%) | Yes | Yes |
| New for old coverage | Yes (contents) | Yes (landlord items) |
| Water damage | Yes | Yes |
| Home office cover (up to $20k) | Yes | No |
| Temporary accommodation (12 months) | Yes | No |
| Liability and legal protection | Yes | No |
| Tenant damage (up to 15%) | No | Yes |
| Loss of rent (up to 12 months) | No | Yes |
| Rent default (up to $5k) | No | Yes |
| Fixtures and fittings (up to 5%) | No | Yes |
Mates Rates Mortgage Brokers has partnered with Honey Insurance to make it easy for homeowners and landlords to get the right cover. Get a quote in 3 minutes or contact us to discuss your options.
Perth overtakes Melbourne in home values for first time in a decade | Australian Broker News Attention Investors and Homebuyers! In a historic shift, Perth has overtaken Melbourne...
Trump's tariffs send ripples through the Australian property market | Australian Broker News Attention Australian Property Owners and Buyers! The recent "Liberation Day" tariffs imposed by the United...
Unlocking the Secrets to the Perfect Home Loan: Why Australians Are Turning to Mortgage Brokers—and How You Can Benefit In recent years, Australian homebuyers have shown a clear...
Australians are becoming increasingly optimistic and motivated to refinance as home loan interest rates ease further, following the Reserve Bank of Australia’s (RBA) latest 0.25% official cash rate...
