Do you have renters insurance?

Australians are notoriously underinsured and people living in rental properties are no exception. Shockingly, the Understand Insurance Home and Contents Survey revealed that more than half of renters don’t insure their contents at all and Australians in general seriously underestimate the worth of their contents when they do insure. This means that many renters find themselves in a situation where they have to wear the cost themselves if something happens to their belongings.