Over insurance occurs when you pay an excess premium unnecessarily. This occurs when the agreed value of the insurance far exceeds any rebuilding costs. This does not mean the insurance will pay you the agreed value in case of an unfortunate event, as Insurance companies will only pay the invoices of the builders. Hence the excess premium, you paid is wasted.
For More Information Visit: https://valuersoffice.com.au/insurance/insurancevaluations.php
mail: services@valuersoffice.com.au | Office: 02 80060663
Head Office: Se 8 421 Harris St DARLING HARBOUR NSW 2007 | PO Box 1117 BROADWAY NSW 2007
NSW Valuations Office |
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