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Will building insurance cost me an arm and leg?

Your monthly building insurance premium generally depends on the size of your home loan and the value of your property.

Minimise unnecessary problems

It’s very useful to keep a record of all the valuable items in your home including the make, model and serial numbers of all products.

What’s in it for me?

Most insurance companies now offer cash-back rewards if no claims were made over a certain period of time. This

Things to consider and remember when looking at renter’s insurance

Some insurance companies offer great benefits, such as veterinary pet insurance or insurance against a guest’s belongings.

The main types of insurance

Insurance gives you peace of mind and depending on the assets you own and the insurance cover you require, the following should be on your list.

The claims process

The claims process takes place when you’ve suffered a loss or damage that you believe is covered by your insurance policy.

Insurance: the long and short of it

Long-term insurance covers a person’s life and wellbeing while short-term insurance encompasses building insurance, home contents insurance and more.

What’s the deal with over and under insurance?

Under insurance is insurance cover that is less than your replacement value while over insurance cover is more than your replacement value.

What doesn’t my policy cover?

Are you covered for costs related to demolition (and all other events that go with it) should your home be rebuilt after major damages?

So you’re finally doing those long overdue home renovations?

There are 2 important things to do before hiring a contractor to carry out your home improvements:

What doesn’t my renter’s insurance cover?

Your insurance policy might not cover damage caused by certain natural disasters however, it will cover water damage due to a broken pipe in a rental property.

Reasons why your insurance won’t pay out

At the end of the day, you want to get a pay-out for a claim made – that’s why you have insurance, right?

How to save on your insurance

Assess your building insurance policy annually and don’t be afraid to ask your insurance company if they are willing to reduce their premium.

Will I be able to afford renter’s insurance and is it worth it?

Similar to that of building insurance, your renter’s insurance will cover your belongings from any damage or loss caused by fire, theft, vandalism and more.

When should I review my insurance policy?

As a homeowner, you should put aside time at least once a year to carefully review your insurance policy.

What does my policy cover?

Go through your insurance policy contract carefully, making sure you understand what the clauses, terms and conditions mean.

So what is my home worth?

The amount that your home should be insured for should not be calculated as the market value of your home, but the estimated replacement value.

What is insurance and why do I need it?

When applying for a home loan, building insurance is mandatory as it covers your property against loss and damage beyond your control.