Ask an Adviser :: General Insurance

Category » General Insurance

Q1 How do I work out how much insurance I need for my home?
It is important not to under-insure your home so as to leave you out of pocket at claim time. It is also important to not over-insure and pay unnecessary premiums. You should contact your insurer to provide you with a checklist to assist you in determining the value of your home. You can also ut ... Read more
Q2 I’ve just bought an investment property. What insurance should I get?
It is important to insure your investment property as you would your principal place of residence. You should also consider taking out landlord insurance. This can be an add-on to the building insurance or taken as a separate policy. Landlord insurance is offered by most of the major general ins ... Read more
Q3 Why will I need to pay lender’s mortgage insurance when I borrow money from the bank?
Lender's mortgage insurance protects the lender in the event that you default on your loan and the outstanding value of your loan is greater than what they receive from selling the property. In nearly all cases, if you borrow more than 80 percent of what the lender considers to be the value of t ... Read more