Owen Rascovich

So if you want to protect where you belong,

The home is the greatest asset, so take the time to do this or at least consider it.

Do what you want, but just consider it because if someone was to burglarize your house or there was a fire, could you recover?

I mean, for 99% of Australians...

You're up the creek without a paddle.

So definitely consider this.

It can cost a bit.

If you have, say, contents insurance, it might cost you $400 a year.

But I'll get to that in just a minute.

If you have home insurance, it might cost you $1,000, $2,000, maybe a little bit more depending on where you live.

If you live in far north Queensland, shout out to Port Douglas.

Great part of the world.

If you live up there, you're going to be smashed with home insurance.

Some insurers will probably won't even touch you because you can almost guarantee you're going to be hit by a cyclone every year and it's going to be very hard.

Also, if you're in a bushfire zone, again, it's going to be more expensive.

It's a case-by-case basis, so just check it out.

Shop around.

Things that you can do to lower that expense is things like have deadlocks for theft, but also talk about how you've made your house fireproof or whatever.

There are really little subtle things that can go a long way to getting down that cost of insurance.

With a house, you can have a replacement or you can have market value, same as like a car.