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Underinsuring homes could leave owners out of pocket | Brimbank & North West

Summary by Star Weekly
Underinsuring your home might be one of the biggest and costliest mistakes someone could make, according to the RACV. The worst time to find out you’re underinsured is when you need to make a claim under your cover unexpectedly — like a tree falling through your roof, or a treasured item getting stolen. Underinsurance is when the nominated sum insured amount on your policy is too low to help cover the replacement value of your home and contents.…
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