Burning cover is fraught issues
It’s a tragic irony that some of the country’s most beautiful areas to live are often the same ones most exposed to disaster. For many this is a risk worth taking, and it’s a risk that can be mitigated with the right insurance plan. The bushfires that raged in summer underscore the need to not only have home insurance but to have the right home insurance.
Like all insurance, the cost and level of home cover is directly related to the risk the policy poses to the insurer. Knowing the finer details of bushfire insurance can help you pick up the pieces and rebuild without shouldering an undue financial burden.
How the risk is rated
In 2009, following the Black Saturday fires in Victoria, the building code was changed to better protect at-risk property.
The risk to your home is now calculated using bushfire attack level
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