You don’t have to look far to find a story in the media about Australia’s underinsurance problem. It seems every bushfire season the same media reports another near identical tragedy of families losing everything and being underinsured or worse, not insured at all.
When a single property is owned by more than one person (or company) it can be owned either as;
A life insurance policy is a contract with an insurance company that promises to provide your beneficiaries with a certain amount of money upon your death. In return, you make regular payments, called premiums.