Underinsurance a real concern in Australia

Feb 13, 2020 11:32:02 AM

The 2020 bushfire season has left many Australians devastated without homes and livelihood. Even more devastating is that so many of those affected by the bushfires are underinsured. Understanding what events and damage can be covered by insurance is a vital first step in assessing whether or not you have the right cover for your home.


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Topics: Insurance, Underinsurance, Home Loan Advice, Mortgage Protection Insurance, Home and Contents Insurance, Vehicle Insurance

Do you have the right insurance cover?

Jan 25, 2017 6:00:00 AM

Around 1.8 million Australian homes (that’s 23 per cent) have no home or contents insurance, reports the Australian Bureau of Statistics, roughly the same number of homes found in the greater Sydney and Melbourne metropolitan areas. Not having enough insurance is just as risky. What would happen to your family if your home was badly damaged or destroyed? Do you have the right insurance cover?

 


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Topics: Insurance, Mortgage Broker, Non-Insurance, Underinsurance