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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An insurance provider should know better – Never throw water on to a stove top fire.

An insurance provider should know better – Never throw water on to a stove top fire.

Over the years, I have seen a number of ads where an insurer has got it wrong. Most common is when they play out a loss scenario and when I see it, I immediately know their policy has an exclusion for the event. This latest one though takes the cake for, in my opinion, getting it horribly wrong. The ad shows a woman trying to […]

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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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Sometimes things line up for a good purpose.

Sometimes things line up for a good purpose.

Just over a week ago I wrote concerning the danger that large gum trees pose in suburbia. Link to article. Over the weekend, I noticed an arborist in our street and approached him for a price to remove the ‘widow maker’ limb. I explained the old couple could not afford to get it removed and that council refused to help even though it posed a […]

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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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Why insurance will not meet the cost of removing and replacing non-conforming building materials

Why insurance will not meet the cost of removing and replacing non-conforming building materials

The vast majority of insurance policies that insure buildings and or the liability that may arise from owning or occupying one, contain a number of standard exclusions found across the entire market that specifically exclude claims arising from faulty workmanship, faulty materials and or faulty design. These policies include but are not limited to residential home, residential and commercial strata, contract works, industrial special risks […]

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CCTV as a risk management tool – A case study

CCTV as a risk management tool – A case study

On Monday morning, 15th July, we arrived at work to find that part of our signage had been stolen off the front of our building. It was not only the loss of the sign that frustrated me but as so often happens the cost of repairing the damage, here the wiring to the led lights that back lit the sign would be more than the […]

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Government help for non-conforming cladding but at what cost

Government help for non-conforming cladding but at what cost

It has been reported today in The Age that the bill to fix hundreds of private buildings around Victoria covered in highly flammable cladding will be in part picked up by the State Government , as announced by Premier Daniel Andrews. The cost to rectify the problem is expected to initially run to $600 million. What the end cost will be is anybody’s guess. While […]

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Increases in NSW ESL leads to expected drop in insurance protection

Increases in NSW ESL leads to expected drop in insurance protection

It has already started to happen. Over the past week I have been contacted by both insureds and brokers advising that they/their clients have elected to drop business interruption or elect not to fully insure due to the increased financial burden created by the massive increase in Emergency Services Levy. I try and explain the risk that the business is taking on by not insuring […]

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