Common Home Insurance Extras

It’s imperative to have insurance for things that are important to us, such as our home. This basic necessity usually costs a lot, but your home is an investment, so make sure to give it protection. This will give you peace of mind that if something unfortunate happens, you’ll have something to rely on. There are so many insurers out there offering different insurance products. To get the best deal, make sure to compare home insurance features from several providers, weigh their pros and cons, and choose what best suits your requirements.

How to get the best deal:

Make sure to compare home insurance features from several providers, weigh their pros and cons, and choose what best suits your requirements.

While doing home insurance comparisons, you may come across policy extras. Don’t be confused with the term – they’re just as important as the policy itself. These are elements that you also need to take into account when you buy home insurance.

In this article, take a look at some common home insurance extras:

Landlord insurance

If you’re an investment property owner or someone who has properties for rent, this is suitable for you. This offers protection for your property from possible risks caused by your tenants.

Fire insurance

Whether you live in a bushfire risk zone or not, it’s essential to have this policy extra. Fire cover will protect your home and possessions in the event of a fire.

Accidental damage

Accidents can happen to anyone – anytime, anywhere, so when you compare home insurance, check your eligibility for accidental cover.

Flood insurance

If you have fire cover, it’s also important to have coverage in the event of a flood, especially if you live in a flood risk zone, or an area that has a body of water that can possibly affect your property.

Storm damage

With its strong winds, lightning, and flood potential, a storm can damage your property. Check with your insurer about this policy extra, especially if you live in a cyclone risk area.

Motor burnout insurance

This policy extra covers white goods or appliances such as air-conditioning units, washing machines, and refrigerators, as well as external equipment such as pool pumps and heating/cooling systems.

Checking the policy extras is a crucial step when you compare home insurance. Depending on your property needs, take into account the extras that will provide protection to your property from different events that can cause damage and destruction.

Do you have other ideas on home insurance extras and how to compare home insurance? Share your insights in the comments section.

About the author  ⁄ Marxa Dillan

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