Your house should be insured for the cost of rebuilding the house as new. That means it should be insured for what it would actually cost you to replace the buildings.

Yes you can. You can insure your household goods and personal belongings such as furniture, video and audio equipment, television and jewelry.

Yes. An Excess is applicable to most losses under home insurance except losses caused by fire, lightning, and explosion and damage from falling aerials, fittings or masts.

No. Under the Strata Titles Act, your apartment complex should be fully/adequately insured.

No. The Strata Corporation’s policy is for the joint owners of the building in which you live and only covers items that are commonly owned such as the Building, Guard House, Swimming Pool etc. You will have to take out a contents insurance policy to cover your own belongings.