People who don’t have insurance or who are underinsured find it very difficult to rebuild their lives without it. Make sure to check your policy every year to ensure that your policy provides you with enough cover to rebuild to a standard that you are comfortable with.
Underinsuring is a common problem. It might mean home owners need to borrow extra money to rebuild, or compromise on the type of home they want such as size or features.
A bushfire, flood or other emergency could destroy driveways, retaining walls, gardens, sheds, fencing, swimming pools and more. Call your insurance broker or insurance company to discuss your policy limits and coverage.
- Know what your policy covers