Introduction
A guide to finding accurate and appropriate insurance cover for your property
Finding the right insurance for your circumstances can often be a complicated task. Understanding what level of cover you need, knowing what to look for in a policy and interpreting all the technical jargon can take time.
Domain Insure compiled this guide to help you better understand insurance in the context of buying, selling, renting, moving, investing and more.
Isabella Yates Domain Insure Content Producer
Do I need insurance?
Good question.
An insurance policy isn't likely to be on the top of your wish-list. But it's worth asking yourself the question - can you really put a price on peace of mind?
Whilst it might not compare to the likes of a new TV, insurance just might turn out to be one of your most valuable purchases you make.
What do I need to know about premiums?
At a basic level, insurance is based on the idea of paying a small fee for protection against life’s uncertainties. This fee is called a premium and refers to the amount of money that your insurance policy will cost you either monthly or annually.
How can I avoid being underinsured?
Not having adequate cover to suit your circumstances can lead to potentially serious financial losses when things go wrong. Having sufficient cover not only provides peace of mind but also means you could recover after a fire, flood, burglary or other unexpected events, as the associated costs could be covered by your policy.
What you need to know about policy renewal
Renewal time can be a good opportunity to reassess whether your policy still provides adequate and appropriate cover. If you’ve renovated, made some big purchases or moved addresses, you should make these things known to your insurer to help ensure your property remains adequately covered.
What's next?
Domain Insure is here to help you with the traditionally difficult task of insuring your property. If you have any questions you can contact our friendly customer service team on 1300 370 456.
Information contained in this guide is intended to be of a general nature only and any advice provided by Domain Insure does not consider your objectives, financial situation or needs. Please consider the relevant Product Disclosure Statement and Financial Services Guide available on this website for any product you may be considering to decide if the product is right for you.
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