Do I need property insurance?
Your broker will probably say "yes". If you have a mortgage which is secured on a property then the lender will insist that the property is insured sufficiently to recover their exposure. This may not always represent the true cost of rebuilding should your home be destroyed by a fire or other diaster.
Often your lender will provide the "bricks and mortar" insurance for your properety, but this may not be the cheapest or best method to insure your investment.
Brokers can provide advice on a number of differing property insurance policies for you to get coverage suitable for your individual requirements.
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