Someone else handles the security, so don't have to specifically pay for it. No insurance as such, I trust their security. N/A at present, but you probably get "just in case". Idiots can (try) sue you if they trip in their own house they rent from you. I usually drop comprehensive once value gets low enough (say $5-10k) 3rd party property in that case of course. Got it through my SMSF Worth it when you have kids, you know it can pay for their education etc, your partner won't struggle as much. Don't have it, but thinking about it, once again through the SMSF I consider almost free/play money at this point anyway. Not worth it. But I got it as part of my business insurance package anyway. I just have the minimum required to offset the extra tax. Can be important if panning kids. Health in particular I regard as a bit of a con. If you have the call an ambulance then you will get treated immediately regardless. Choosing your own doctor or hospital etc is bullshit if you just had a heart attack or something. Private plays a part after the fact if you have to stay in hospital. Basic hospital cover (required to avoid the extra tax) covers this anyway. Anything else unless you plan on having kids is a waste of money IMO. A con designed to pray on fears of the elderly. Maybe if your family is so poor they can't afford their next rent payment? Generally I'm a fan of saving the money and having it available for any issues that come up, rather than pay insurance for stuff. Important for SHTF stuff (death etc), but I don't see it as helpful in everyday life. e.g. private heath paying for your yoga classes etc.