Depending on where you live, your house also may be prone to more risks than others. For example, Australia’s bushfire season has the potential to affect thousands of properties every year. While a lot of people avoid destruction to their homes, others sadly don’t.
While it’s not a legal requirement to have home insurance, you should consider specific risks your property might face. For example, your property is located in a place that’s vulnerable to bushfires or unpredictable weather patterns.