Hi,
I recently had estimates for extensions to a block of flats, which indicated that new building costs were too high for me to develop.
And, being in Canberra, near bush, I realise that Insurance is critical.
I heard that in Ash Wednesday, that not one victim had adequate insurance.
It makes me realise that probably, not one of my insurance policies (ppor or ips) is adequately covered.
Do companies provide (at least in more peaceful times) assessments of what they think a house and contents is worth?
I had heard stories that if you under insure, you miss out, but if you over insure, they also reduce benefits by the amount you over insure by. So it would be extremely hard to get a fair amount.
I recently had estimates for extensions to a block of flats, which indicated that new building costs were too high for me to develop.
And, being in Canberra, near bush, I realise that Insurance is critical.
I heard that in Ash Wednesday, that not one victim had adequate insurance.
It makes me realise that probably, not one of my insurance policies (ppor or ips) is adequately covered.
Do companies provide (at least in more peaceful times) assessments of what they think a house and contents is worth?
I had heard stories that if you under insure, you miss out, but if you over insure, they also reduce benefits by the amount you over insure by. So it would be extremely hard to get a fair amount.