Today, we're delving into an important topic that affects property owners and investors alike: insurance. Specifically, we'll address the critical question of whether you are adequately insured for your primary residence and investment properties. Let’s explore this crucial aspect of property ownership and discuss the steps you can take to safeguard your assets.
The Underinsurance Epidemic
Did you know that a staggering 83% of property owners, as revealed by a pre-pandemic survey conducted by the Insurance Council of Australia, believed they were underinsured? This alarming statistic highlights a widespread issue that can have devastating consequences in the event of unforeseen circumstances. It's crucial to be proactive and ensure that you have the right level of coverage to protect your investments effectively.