Homeowners insurance

Homeowners insurance

Your home is your most valuable asset that you will own, so if something were to happen to your home you’d want to know that you were covered by adequate home and contents insurance.

Sadly however, research shows that as many as one in five homes may have inadequate building insurance, sometimes under insured by as much as 30%. It is strongly recommended that you take out homeowners’ insurance immediately after signing the contract on your new home.

This covers the purchaser in the event something happens to the home before settlement.  Lenders will also require a copy of your home building insurance before you can use your home as security for a home loan.

Having adequate contents insurance is also vital. If you had to add up the value of everything you own including clothing, electrical equipment, furniture, tools and toys the total could easily run into the tens of thousands. You need to ask yourself – if I had to go out and replace absolutely everything I own how much would it cost?

Most Australians are under insured and don’t know how little it can cost to cover your most treasured possessions. Adequate cover will give you the peace of mind in knowing that you are protected against the loss of your items.

At Mortgage Plus Financial Solutions, we can point you in the right direction for all of your homeowners building and contents insurance and remember by bundling your insurance you can save even more.  So why not combine your car insurance with your home and contents policy!