Following the celebration of purchasing your new home, what is next?
Recently purchased a new home and need advice on household insurance? Let a Rodel4U approved Broker assist you in ensuring your new memories are built without additional stress.
Firstly, congratulations on buying your first home, it’s a huge accomplishment and one to be celebrated. We know it has been a long and exhausting process, but once those keys are handed over, it’s something worth celebrating.
What is next?
As you finish off the champagne, it is time to plan the next steps. Usually, this involves all the legal ‘stuff’ with transfers, contracts and signing form after form. Finally, the move-in date is set.
A fresh new start
A new beginning and a fresh start include reviewing your insurance policy documents. Adding homeowner’s insurance, also known as building insurance and householders insurance, also known as content insurance, onto your policy as a first-time homeowner, is extremely important.
Purchasing a new home as a newly married couple or longtime partner often means combing existing policies and re-evaluating all contents.
Now that you own property, you need to be more aware of things that may cause damage to your home and ensure you are covered if they do. A Rodel4U approved broker will be able to provide advice on everything you need to know, including what is covered and how to calculate the value.
Before the big move
Before you book that pantechnicon, it is essential to check the property thoroughly There are generally some minor snags to be sorted out first.
We suggest following the below once you have signed on that dotted line,
- Do a full walkthrough of both the interior and exterior of the property
- Take the time to walk through your new property. Commonly, you may have missed something when you first viewed. Take another set of eyes and if possible, an expert within construction/home renovations who can assist and provide advice.
- Make a list of items which require repairs, i.e. cracks, water damage etc.
- Use the opportunity to start your “snag list.”Look at what repairs or maintenance needs to be done before you can move in.
- Check for areas of concern specifically to structures inside and outside
- Look at all structures both inside the house and the external property.It is essential to look at ceilings and walls and any wear or tear that could cause long term damage or problems.
- Set up an appointment with your insurance broker to discuss your new home
- Make an appointment with your approved Rodel4U broker to discuss all the above and to update your insurance policy and ensure you are covered for items both inside and outside your home.
Don’t forget about your contents
We have provided advice on your building insurance but moving into a new home means ensuring all your contents are covered. Household contents insurance is something to be added to your policy. It covers you for all your possessions within your home.
What does it cover?
Ask your Rode4U approved broker, to explain your cover in detail. Having the correct cover in place is vital so you can move in with reassurance and excitement.
Generally, your policy will cover;
- Fire
- Storms
- Lightning
- Impact by trees or cars
- Vandalism or theft
- Water damage
- Explosions
Ensuring you have done a full evaluation of your home and contents, including a walkthrough of your property with an expert. You can ensure that any problems areas have been identified. For instance, if you live near a river or dam and there is a storm with severe floods will you be covered? Your broker will be able to assist with a list of what is covered and what is not.
Home sweet home
Once all the technicalities of homeowner’s and household content insurance have been dealt with, it’s time to move in and make new memories. Rodel4U regards all our clients as part of the family, and we are here for you. We wish you many new adventures, memories, and happiness in your new home.
