The Australia Institute surveyed a nationally representative sample of 2,009 Australians about their level of home and contents insurance coverage.

The results show that:

• 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.