At JMW Real Estate, we know that buying a home in Dunsborough—whether it’s your dream house by the coast or an investment property—represents one of the biggest financial decisions you’ll ever make. With so much at stake, it’s essential to ensure your property is correctly insured.
Why Home Insurance Matters
Your residential property is more than just a place to live—it’s also a significant financial asset. Having the right home insurance policy in place protects you from unexpected events like fire, storm damage, or theft. Without adequate cover, you may face costly repairs or rebuilding expenses.
Whether you’re considering homes for sale in Dunsborough, houses for sale nearby, or even a home to rent in Dunsborough, protecting your investment with the right level of insurance is crucial.
👉 Learn more about the basics of home insurance via MoneySmart’s building insurance guide.
Choosing the Right Cover
Not all policies are the same. Some only cover the structure of your home, while others extend to fixtures, fittings, and personal belongings. When reviewing your policy:
- Confirm exactly what’s covered
- Update your insurance if you renovate or extend your home
- Ensure the insured value reflects the true replacement cost of your property
For more on comparing insurance options, check out Canstar’s home insurance comparison.
Avoiding Underinsurance
One of the most common issues for homeowners is underinsurance. If your property is insured for less than its replacement value, you may not receive the full amount needed in a claim. This is particularly important if you’ve purchased a new home for sale in Dunsborough or recently renovated. Updating your insurance regularly to match building costs can help safeguard against this.
Insurance Beyond Residential Property
For property investors, correct insurance is equally important. Whether you hold commercial real estate for rent, a commercial property for sale, or manage commercial property management services, having the right level of cover ensures long-term protection for your asset.
Similarly, if you’re browsing real estate listings for homes for rent or seeking a professional real estate appraisal, insurance should always be part of your planning process.
Peace of Mind for the Future
Correctly insuring your home gives you confidence that, no matter what happens, your property and your future are protected. It’s a simple step that provides lasting peace of mind.
At JMW Real Estate, we support property owners across the South West with residential and commercial buying, selling, renting and property management across the South West. While we don’t provide insurance advice ourselves, we know how important the right cover is—especially for landlords. If you’re listing a rental property with us, having appropriate landlord insurance is vital to safeguard your income and your investment. We encourage property owners to seek independent advice from their trusted financial and insurance professionals to ensure you have the right level of cover for your personal circumstances.
