Skip to content
Homeownership, Maintenance & Compliance
Article 55 of 74

Home insurance and underinsurance.

Insurance should reflect the cost of rebuilding or replacing what is covered, not simply the property's market value or bond balance.

PROPERTY INSIGHT 55 Home insurance and underinsurance.

What to know

  • Review sums insured after major renovations or construction-cost increases.
  • Understand excesses, exclusions and maintenance-related limitations.
  • Check cover for solar, generators, security equipment and outbuildings.
  • In sectional title, coordinate personal cover with the body-corporate policy to avoid gaps.
Important Information

The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.

FABULOUS HOMES

Property decisions deserve good information.

Browse current properties, request a valuation or speak directly to the Fabulous Homes team.