- What can be insured and for how much?
- You can get quotes from insurance websites pretty quickly
- Flooding
- Other natural disasters like fires
- Broken pipes
- Theft and damages
- Building failure
- Home and contents
- Contents has minimum 10,000 usually
- Certain unique situations may mean insurers won’t touch you
- Flooding detected somewhere on the property
- A certain Carseldine property intersects with the flood map in the corner
- Freehold townhouses
- They care about security as well like grates on windows, deadlocks and alarms
- If you are part of a body corporate there would be insurance across the entire place
- You are liable for insurance a day after signing the offer not on settlement
- Luckily if the offer falls through there is a 14 day cooling off period so you can cancel the insurance and get a full refund