Underinsurance of home contents in Australia and New Zealand is a huge problem!
A common misconception is that people are purposefully underinsured, but interestingly our research has in fact revealed quite the opposite.
The real facts are that most people are only underinsured because until now there has not been a quick and easy way for people to estimate the true replacement cost of their valuable assets.
Of course the problem with someone being underinsured is that nobody wins.
The policyholder loses because in the event of a major disaster, such as a fire when you often have to replace all of your home contents, quite simply you will not have enough money to buy what you had previously.