Blistering Paint Exclusions

Blistering Paint Exclusions

I have had a few questions about damage to paintwork under home and contents policies. Using the resources of LMI PolicyComparison there is a range of exclusions in policies. Common ones include: Scorching or melting where there is no flame Smoke or soot or heat or ash (in various combinations) where the building has not caught fire Heat ash soot and smoke when the Building […]

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A quick update on LMI’s response to the bush fires

A quick update on LMI’s response to the bush fires

My colleagues and I from LMI are looking after losses arising from the bush fires in 4 states using our locally based claims teams. We are fortunate to be able to assist in every state and territory in Australia and New Zealand, the only firm with team members all around. It also allows us the opportunity to bring in additional resources as required from other […]

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Isn’t your home worth good insurance?

Isn’t your home worth good insurance?

The old saying goes that every person’s home is their castle. Castles were made to be protected, as like the modern home, they house the people and possessions that mean the most to us. A good insurance policy by its very nature is the last line of protection. The reality is that even the best maintained property can be subject to an accidental fire, storm […]

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Loss of rent for a serviced office

Loss of rent for a serviced office

I have not been as active as in the past of late as I have simply been flooded with questions from brokers, insurers and adjusters on a draft on policy and policy interpretation issues. While I wish I had the time to post them all, the one below I thought was appropriate to share. This question today is regarding the way to insure the business […]

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Emergency Services Levy – the added cost to insurance

Emergency Services Levy – the added cost to insurance

A few weeks ago when I was watching the disturbing photographs of the bush fires in Queensland and New South Wales they showed footage of the Premier of New South Wales meeting with volunteer fire fighters. I wanted to post something at the time, but did not feel it appropriate when people’s lives and homes were at risk, but the thought crossed my mind. How […]

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Under Declaring – You are now the insurer!

Under Declaring – You are now the insurer!

Yesterday I had one of those calls where you can feel the frustration and stress in the broker, where a long standing client is under attack by another broker who is simply selling on price and stripping away the years of hard work that the holding broker has put into the client. In this case, the attacking broker is advising the Insured to only declare […]

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The unintended consequences of removing the 457 visas

The unintended consequences of removing the 457 visas

One of my concerns that I have written about previously is about loss adjusting being caught up in the whole debate of 457 visas and being removed from the job list. This is despite some very energetic efforts by a number of organisations and individuals. It remains impossible for the industry to offer an opportunity for a highly qualified loss adjuster to emigrate permanently to […]

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Falling Tools a risk that can be greatly reduced

Falling Tools a risk that can be greatly reduced

Yesterday on the news, one of the reports was the tragic death of a 38 year old construction worker who fell from a 7 storey building. With harnesses, safety railings, safety officers and more you have to ask how can this still be happening. What is not reported on as much is tools, bolts and building materials being dropped by workers while working at elevation. […]

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Large gum trees in residential areas pose a threat to life and property

Large gum trees in residential areas pose a threat to life and property

Like most people I am all for protecting the environment and greening our towns and cities but we do need to balance this with the risk to life and property. Today in much of South East Australia strong winds are again forecast. As a child growing up in Brisbane I always thought of August as Kite month. While the weather is great for kites it […]

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Beware harsh exclusions that turn the policy into junk insurance

Beware harsh exclusions that turn the policy into junk insurance

Over the past few years more and more claims have been brought to my attention where the client cannot believe that their claim has been denied. The cases that I refer to are ones where the claim has been denied for faulty workmanship, faulty design or faulty products/materials and there is no write back provision for subsequent damage to the property from a peril not […]

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