Updating your castle, time to update your policy
- Outdoor (43 per cent)
- Kitchen (39 per cent)
- Bathroom (32 per cent)
- Lounge room (21 per cent)
- Bedroom (20 per cent)
“The survey showed that many home owners are potentially so wrapped up in the renovations and enjoying the changes to their home that they’re forgetting to ensure it’s adequately protected.
“If you decide to invest in renovations, we urge all home owners to re-evaluate their home insurance. You may have increased the rebuild cost of your home or bought new contents to freshen up the space and need to adjust your insurance policy,” said Ms Woodley.
SGIO recommends the following home renovation tips:
- Before getting started, plan and cost out the renovations you want to make
- When in doubt, obtain professional advice and qualified tradespeople
- When you have completed the renovations, check that your home buildings and contents insurance are up-to-date - our online contents calculator can help
*Based on a survey of 130 WA home owners who made renovations to their home by Pure Profile Research in January 2014.
This is general advice only so to see if this product is right for you, consider your own circumstances and the Product Disclosure Statement from the product issuer, SGIO.
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