The perfect time to review your home insurance

WITH Spring comes the familiar urge to refresh our homes and gardens.

- DIEKETSENG MALEKE

But while we're busy decluttering cupboards and trimming hedges, it's also the ideal moment to review our insurance policies and asset registers, an often-overlooked part of responsible homeownership.

"Reviewing your homeowners and asset insurance annually is one of the simplest ways to protect your wealth," says Michael Whitehead from Aon South Africa insurance brokers and risk advisors.

"Your life changes: you renovate, add security, buy devices, install solar or replace appliances. If your insurance policy and asset register don't keep pace, you risk underinsurance, exclusions or missing specified items, problems that often only surface at claims time.

"Use the Spring motivation to make sure all your hard-earned assets are properly covered, and at the same time, that you're not paying for cover on assets you no longer own," he says.

This advice is especially relevant in today's economic climate, where inflation and rising replacement costs can quickly render your cover inadequate.