If you’ve ever bought a property in Australia, you’ve likely arranged home insurance before settlement. For some buyers, that’s when unexpected issues surface. An insurer may decline cover or offer a policy with significant exclusions, leaving buyers questioning why the property is considered uninsurable and whether the inspection report is to blame.
The truth is, not every defect makes a home uninsurable. Insurers make their own decisions based on risk, but building and pest inspections often identify the kinds of issues that influence those decisions. This helps buyers better understand potential risks before moving ahead with the purchase. Continue reading “What Can Make a Property Uninsurable”