News - Australia: ASIC Urges Consumers to Buy Sufficient Home Insurance
Source: Asia Insurance Review | Mar 2007
(ASIC) has urged consumers to review their home insurance covers especially since about 50% of the houses in the area affected by Cyclone Larry in north Queensland were found to be underinsured. ASIC also warned consumers they must take into consideration the rebuilding costs which can rise as much as 50% immediately after a disaster.
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