I would think it almost mandatory if you have a mortgage on your home, or an investment property that sits in a trust, but attached to the superfund... The required insurance cover should be for death or accident, so the mortgage would be covered, and aid out in the event of death of the trustee. Otherwise in the event of death, the property would need to be sold to cover the mortgage. This type of cover is not expensive, it would only need to be sufficient to cover the balance of the mortgage, not the market value of the property. I think it is a small price to pay, to safeguard your biggest assets.
