7 Things You Must Do Before Buying Strata Insurance

Make sure you understand what coverage you really need

Strata insurance is an important part of any home ownership plan. It protects your property against damage caused by fire, windstorms, vandalism, and other events that could cause major financial loss.

Understand the Difference Between Property and Casualty Insurance

There are two main types of strata insurance: property and casualty. Property insurance covers the structure of your building, while casualty insurance covers losses due to accidents such as fires, floods, and theft.

Know the Different Types of Coverage Available

It’s important to understand the different types of coverage available before buying strata insurance. This will help you make an informed decision about how much coverage you need.

Find Out About Discounts and Rebates

There are several ways to save money when purchasing strata insurance. One of the easiest ways to do so is by taking advantage of discounts and rebates offered by companies. These discounts and rebates can reduce the cost of your policy significantly.

Shop Around for the Best Rates

If you’re looking to purchase strata insurance, make sure you shop around for the best rates. This will help you find the lowest possible price for your policy.

Check with an Agent or Broker

It’s also important to check with an agent or broker before purchasing any type of insurance. They can provide advice on how much coverage you need and whether you should buy additional coverages.