How much to insure

Discussion in 'The Buying & Selling Process' started by Hwangers, 15th Feb, 2017.

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  1. Hwangers

    Hwangers Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    338
    Location:
    Sydney
    Hello all,

    Curious to understand at what levels fellow investors insure their IP's?

    Do you insure at the original purchase price or perhaps increase insurance cover with the market? Perhaps even more that current market value?
     
    Hwangers, 15th Feb, 2017
    #1
  2. KateAshmor

    KateAshmor Victorian Conveyancing Lawyer Business Member

    Joined:
    25th Jun, 2015
    Posts:
    711
    Location:
    Melbourne
    In Victoria, if there is a bushfire overlay, it's very important to over-insure, in order to cover the cost of rebuilding to modern bushfire building standards.
     
    KateAshmor, 15th Feb, 2017
    #2