After the Reserve Bank of Australia’s decision to hike rates by 0.25% on Tuesday, the cost of being a home-owner in Australia is likely to rise for many, leading to a potential uptick in cases of serious financial stress for those with a mortgage.
Mould in the house, especially the dreaded black mould (or rising damp), is an unwelcome house guest that none of us really know how to get rid of. In fact, it can be really dangerous. Not only dangerous for your health, but also for your home and contents. Mould can cause irreversible damage to walls and linger beneath carpet if it isn’t taken care of early. Perhaps more annoyingly, cultivating a nice little colony of mould seems almost unavoidable, especially if you live in more tropical climates. We’ve seen the recent floods and heavy rains battering Australia’s East coast recently, so if your roof has sprung a leak, or even if you’ve been flooded, mould is a real possibility.If you’ve been affected by the wet weather recently, you might be wondering if your home insurance policy covers mould. Here’s the low-down:
Underinsurance is when a person’s home or belongings are insured for an amount that is below what it would actually cost to replace them.
Not to be confused with a PDF, a PDS (product disclosure statement) contains all the vital information you will need to make a decision about a finance product.
When you first move into a rental property, one of the first questions you may ask yourself as a tenant is ‘do I need renters insurance?’
There's no doubt about it, home and contents insurance policy writers love their mumbo jumbo. If you're struggling to get your head around some of the home insurance lingo (and really who wouldn't) our jargon buster is here to help.
Whether you’ve built it from scratch or picked it up at an auction, our home is the most expensive thing we own. So the last thing you want is to find out you’ve forgotten to add or misjudged something on your home and contents insurance policy, like underinsurance.
If you’re like most people, your home is probably not only one of the most expensive things you’ll ever own, but also one of the most important to you. You most likely put a lot of thought into finding the right one and a lot of effort into saving up and choosing a home loan to afford it.
No place like home, hey? Movie houses can be iconic parts of cinema magic, from the cosy crush of Full House to the spooky nostalgia of Disney’s Haunted Mansion. Childhood memories abound of wacky hijinks and just so. Much. Property damage!
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Those who bank with BOQ, rejoice! There’s an exciting new range of hi-tech home insurance products available to you exclusively from Australia’s first smart home insurance provider, Honey Insurance.
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New research from Allianz Australia reports 68% of Australians do not have insurance for the valuables they take with them on holiday and 2 in 5 confess they didn’t know valuable items could be insured as an option under their home contents insurance policy.
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Tenants and landlords both have rights and responsibilities in the aftermath of disaster. Since floods don’t discriminate, everyone should have a plan in place to protect their valuables – especially the one in five Australians at risk from elevated La Niña rainfall.
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