Frequently Asked Questions
Find the most frequently asked questions below:
01Is it essential to have home insurance?
If youre a homeowner, most mortgage lenders insist you have buildings cover in place to protect their investment. You dont usually need buildings cover if youre renting, but you may want contents insurance to help cover the cost of replacing your things if you suffer a loss.
02Is homeowner insurance effective immediately?
Typically, your coverage begins after you have made your first payment. Before that, your insurer assesses the value of the property and the risks. You can apply for homeowner's insurance before you take possession of the home. In that case, coverage begins on your closing date.