Home Insurance Compared
Home insurance offers protection against the event that either your home or its contents are damaged. It also provides financial protection against damage and injury that you may have caused to someone else’s property. If you are a mortgage holder your lender will more often than not, require you to take out a home insurance policy.
There are a few different types of home insurance policy, ranging from very basic to policies which offer comprehensive coverage.
Most home insurance policies will cover property damage in the event of fire or bad weather and vandalism. Typically rare events such as earthquakes and floods tend to be excluded, but some policies will cover them so you should check. If your policy does not cover certain events you can take out supplemental insurance which will ensure you have peace of mind.
Australians are fighting back against bad driving aided by roadshamer.com which enables victims of bad driving to upload video and images of illegal and bad behaviour on the road. Australians seem to be embracing the service and are the number uploaders according to eGlobal Travel Media. Nadav Golombick who runs the Australian version of the site says it seeks to improve safety on Australian roads, hopefully by deterring drivers from engaging in illegal and dangerous road activity. Continue reading
Home Insurance providers have been working with regulator ASIC to deal with the problem of high rates of underinsurance in Australia. Peter Kell who is Deputy Chair of the regulator says the agency’s goal is to ensure that consumers purchase the type of insurance that most suits their needs. It also seeks to cut down on underinsurance levels particularly when a community experiences a natural disaster. Continue reading
Choice, the consumer group is advising consumers who live in places that are prone to flooding from taking out insurance in an irresponsible manner, whilst at the same time heavily criticizing the industry according to the insurance council.
Recently the advisory group held its annual Shonky Awards, where the group awarded lemon trophies for dubious dodgy and deceitful goods and services.
Choice singled out the insurance industry, following this summer’s flooding in Victoria, Queensland and New South Wales. Continue reading