Compare Home Insurance online!

It is often believed that home insurance is a bit of a gamble, but if you’re not covered, you could be risking your family’s security and future happiness.

As we are all more than aware, ‘Mother Nature’ has been busy in recent times and there has never been a better time to ensure security and go online, compare and apply for home insurance.

According to an NRMA Insurance report, the largest proportion of home insurance claims are from storm damage (33%), followed by theft (21%). Fire also has many claimants, for example the NRMA state six fires are reported by customers in NSW each day and generally fires cost the community there more than AU$45 million annually. Although fire only attributes to 2% of all claims, financial hardship sadly, is also part of the aftermath of this devastating occurrence.

Homeowners often undervalue their belongings, this under-calculation of possessions can lead to grievous financial hardship. The actual cost of relocating and day to day expenses can be greatly under appreciated until monies arrive from the insurer. Insurance companies will only replace what they have to, so be warned and don’t under appreciate your belongings. Do an accurate home insurance comparison today.

Ensuring you have the correct level of cover for your home and contents, research many of the free building and contents calculators on websites of general insurers. Here are our pick of the best to shop and compare, while online;

• AAMI
• RACQ
• Suncorp
• Australian Pensioners Insurance Agency

The Australian Securities and Investments Commission (ASIC) also have an online service, they offer a helpful report entitled “Getting Home Insurance Right”, which can be downloaded at www.asic.gov.au.

Most Australian’s will spend at least AU$400,000 on their home and contents and this definitely should be insured and protected. Websites doing home insurance comparisons are a step in the right direction.