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Seventy per cent of Australian homes underinsured

(Quartile Research)
Quartile Research advises that as many as seven in ten Australian homeowners risk being left thousands of dollars out of pocket because they have failed to adequately insure their biggest asset, a new survey has found.

The survey, conducted by leading Australian insurer Suncorp and Reed Construction Data, determined these homes were underinsured by an average 20 per cent – equivalent to $65,000 for a house valued at $325,000 (Australia’s median house price). ….More

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