Different landlord – similar issue

Different landlord – similar issue

This is another issue that I have posted warnings on several times over the past few months. It was reported recently that a Perth landlord was hit with a huge power bill after tenants ran a cannabis grow-house from his property. The power bill was a whopping $85,000. The report suggested crime gangs are most likely to target private landlords and will often provide a large upfront […]

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Baby Wipes: not so flushable!

Back on 25 July last year I posted an article about sewers being blocked as a result of baby wipes being flushed down the toilet. I would like to think someone of authority reads my blogs and actions results, in any event I read with interest that the maker of White King “flushable” wet wipes, Pental Limited (“Pental”), has been fined $700,000 for making false and misleading […]

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Learning from the past to protect against today’s hazards

During the very hot summer of 2008-2009, that included the Black Saturday bush fires, our Melbourne office was left without power due to both the fires and the inadequacy of an electrical sub-station across the road. As it is imperative for us to provide our claims services during periods of natural catastrophe, so we are able to assist people in need we installed a backup […]

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5 reasons why landlords should insist their residential tenants have contents insurance

Lately there has been a spate of house fires around Australia where the tenant has been uninsured. Having been doing claims for over 45 years now, I have witnessed countless times the devastating effect that not being insured has on someone. When landlords lease out their commercial premises it is standard practice to at least have the tenant hold public liability insurance. This is a […]

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Tianjin Explosion – initial report

The explosions at Tainjin in China is the largest man made catastrophe loss in many years. The estimate of insured losses continues to grow and at last account was in excess of USD3.3 billion. Putting aside the terrible loss of life and injuries caused by the explosions, the event once again highlights two issues, accumulation risk and supply chain risk. Aon Benfield have published an […]

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Beware Another Cyber Scam

Over the past few days, I have received  phoney fax messages sent to my email. The emails, which ask you to click on a link, which causes the damage as soon as you do. Please do not get caught with this or a similar scam. Never click on any link in an email without making sure it is legitimate. Fax Message [Caller-ID: 1-407-987-4450] http://ocscexpo.net/inbox/get_message.php [I […]

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Question on Test for Under Insurance on a Business Pack Policy

The question today was: ———————————————————– Good Morning Allan, We would appreciate your interpretation as follows. Refer attached Sunrise schedule with the sum insured & limit of liability clause a [cluster group] BPK wording. Building Sum Insured/Declared Value (page x)                    $8,440,000 20% Extra Limit of Liability (page x+1)                                     $10,128,000 […]

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Should “No Frills” Home Policies Still Provide Full Protection in the Event of a Major Loss?

This is a question I have been asking myself my and more as I check wordings for people when they ask me if their particular home policy is okay when they hear what I do. I typically go to LMI’s PolicyComparison.com on my iPhone, iPad or laptop. Most times I point out areas that are of concern such as very low limits for removal of debris, loss […]

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Limits of Liability v Sub-Limits of Liability v Schedule of Declared Values

I was recently appointed by the Chief Financial Officer of a company to cast a fresh pair of eyes over their insurance program. As I was going through the Industrial Special Risks (“ISR”) schedule I noticed a number of issues that needed to be remedied. Without wishing to embarrass anyone, I will discuss a few of these over the next few posts, particularly those that […]

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Disappointing News Following NSW Bushfires

The recent article in the Sydney Morning Herald about the delays in home owners having their debris removed,  is yet another example of why home owners should not rely on either charity or government to bail them out in the event of a loss. I understand that over 200 homes were destroyed and $3 million was kindly raised by charities. That equates to $15,000 per […]

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