206 articles written by Peter Terlato
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How much does the average Australian have in savings?
Savings can provide a safety net for individuals and households during periods of financial difficulty or stress. But how much does the average Australian actually have stashed away in their savings account?
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Peter Terlato -
14 Aug, 2024 -
3 min read
![](https://images.ratecity.com.au/large/20230131/home-loan-meeting-bAz3lkXgp.jpg)
What is the difference between an offset account and redraw facility?
The main difference between an offset account and a redraw facility is that an offset account operates as a transaction account that can be accessed whenever you need it, while a redraw facility is more like an “emergency fund” that you can draw on if necessary, but isn’t intended to be used for everyday expenses.
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Peter Terlato -
14 Aug, 2024 -
6 min read
![](https://images.ratecity.com.au/large/20230227/deposit-I-hZ69vN7.jpg)
Can I use my super to buy a house?
Saving up for a home loan deposit can be stressful, especially if you’re juggling household expenses and other debts. The good news is that many first homebuyers can utilise voluntary super contributions towards their deposit.
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Peter Terlato -
12 Aug, 2024 -
6 min read
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Can I transfer my frequent flyer points across different programs?
Frequent flyer memberships and their benefits are often exclusive to their affiliated airline. However, there are exceptions. Some global airline alliances, such as oneworld, allow member airline frequent flyers to exchange points for flights and attain parallel status across their entire carrier network.
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Peter Terlato -
07 Aug, 2024 -
7 min read
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How to earn Velocity points
If you travel often, you may be able to amass points or miles through loyalty programs, to redeem for flights, hotel stays, and other rewards. One of the most popular frequent flyer programs in Australia is Velocity - Virgin Australia's loyalty club.
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Peter Terlato -
06 Aug, 2024 -
6 min read
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How can I check if my car is insured?
In Australia, every registered car must be covered by Compulsory Third Party (CTP) insurance. You can check your car’s CTP cover from your number plate by contacting your state government or your insurer.
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Peter Terlato -
12 Jul, 2024 -
5 min read
![](https://images.ratecity.com.au/large/20231107/insurance-claim-denial-uF3vsecwX.jpg)
What are the most common reasons your home insurance claim will be denied?
A home insurer may choose to deny a claim for a wide range of reasons, from underinsurance and policy exclusions to undisclosed information or failure to maintain the property. Learning more about what could see a claim denied can help you make sensible decisions when considering filing a claim, and ensure that you're adequately covered.
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Peter Terlato -
26 Jun, 2024 -
7 min read
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How will home insurance cover water damage?
A home insurance policy will often cover water damage if the damage was sudden or accidental, such as if a pipe bursts or your home floods. But gradual water damage over time may be blamed on a lack of proper maintenance, which means your home insurance policy may not cover you.
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Peter Terlato -
05 Jun, 2024 -
4 min read
![](https://images.ratecity.com.au/large/20201207/roof-leak-R2Nn7iRDt.jpg)
Does home insurance cover roof leaks?
While many home insurance providers cover damage to the roof of your house, not all leaks are covered. Whether your claim will be accepted or denied often depends on the cause of the damage.
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Peter Terlato -
14 May, 2024 -
4 min read
![](https://images.ratecity.com.au/large/20221125/home-insurance-claim-54-CVuQLp.jpg)
Can you withdraw a home insurance claim?
You can often withdraw a home insurance claim without charges or hassles, though there may be exceptions, such as if the claim has already progressed too far.
![peter-terlato](https://images.ratecity.com.au/large/20230908/peter-terlato-headshot-2-AGkJIEq9u.jpg)
Peter Terlato -
14 May, 2024 -
3 min read