Home Insurance Tips: Basic Plans and Lower Coverage Costs
In Australia, home insurance falls under general insurance, which includes liability and property insurance. Insurance requirements can vary, so make sure you check out your state’s laws and protect your home!
Home insurance can cover all sorts of accidents and damages. It can protect you from burglary, natural disasters, and other intentional/unintentional damages. Rentals, old homes, new homes and condominiums can be protected!
The Australian Prudential Regulation Authority (APRA) makes sure that both insurers and the insured are fairly treated. If you have a problem, you can contact a financial ombudsman to help you out.
There are many companies to choose from. Do you have lots of valuables? You could get a plan from a place like AA Insurance. Suncorp Group and Insurance Australia offer lots of general insurance plans.