Insurance Guide
You’ve just bought your first property and the next step is to insure one of the largest assets you’ll ever own. Buying a house is a big financial investment, and home insurance is the safe haven against those ‘what if’ events. This guide will take you through the ins and outs of insuring your home, covering a range of topics from why you need insurance in the first place, what it actually covers, how much your home is worth, to the claims process and how to save money on your policy.
What do you mean ‘insurance’?
You’ve found your dream home and can’t contain the excitement any longer. This is until your home loan provider asks the all-important question… whether you’ve taken out building - or homeowners - insurance on your new home and if you can provide proof thereof. That small – yet vitally important – detail is often overlooked in the home-buying journey. So, we’re here to tell you what building insurance actually is and why it’s so important to have…
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.
Read more...
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.
Read more...
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.
Read more...
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.
Read more...
