Why insurance? Sometimes people question whether or not they truly need insurance. The bottom line is, if you own, rent, or manage any kind of property, insurance must be a vital part of your life.
In the best possible circumstances, insurance will only ever be preventative. You may never need to make a claim. Does this mean your premium payments have gone to waste? Absolutely not. There’s nothing that can replace the peace of mind that you and your assets are protected if the unexpected occurs.
To put it plainly, insurance is a necessity. But how much do you need? A shocking number of Australians are underinsured, which means they do not have the proper level of coverage. In a disaster, this can spell financial ruin. To make sure you’re appropriately insured, whether as a home business owner, consider these 5 ways to avoid underinsurance.