Welcome to the Personal Finance Podcast show with me Content Editor Ruan Jooste. Today we are speaking to Andrew Kruger - Head of Business Analysis at BetterSure Financial Consultants on how consumers can better protect their property when an unforeseen disaster strikes and ensure the full replacement value of a home is insured.
If you own a home it is crucial that you understand the various aspects involving this type of insurance since it protects your valuable asset when unexpected events happen like the 2022 floods in Kwazulu-Natal and the recent gas tanker explosion in Boksburg.
If you have homeowners insurance, or you’re in the process of applying for it, you may have come across the term ‘replacement value’. And you may be wondering what it is and why it’s important. Let’s take a closer look.