Keeping your property insured.

Insurance 101 – protecting your home.

We want to remind you about obtaining, and keeping, your property insurance up-to-date. In accordance with our Home Loan and Mortgage Terms and Conditions, you have an obligation to keep the mortgaged property adequately insured for the life of the loan. Insurance protects you against unforeseen risks that may occur however it’s about protecting your family, or business, and yourself from loss which may be difficult to recover from.

You should check with your insurance company about your cover – to ensure that it’s current and adequate. You’ll want to ensure that you’re covered for at least the full replacement and reinstatement value of your home.

Getting more information on insurance.

For information on property insurance, you can visit the Australian Securities and Investments Commission’s MoneySmart website.