With the outbreak of hostilities in and around the Middle East many insurers have exercised the War Cancellation Clause in their hull or cargo policies. This has prompted a number of questions being put to me as Insured’s and Brokers were naturally disappointed. First up, I would explain that this is not a new development. While the exclusion of war risks (“Free of Capture and […]
The lastest from PolicyComparison.com (February 2026 edition)
It never ceases to amaze me just how many policies change in any one month. February 2026 was no different. The PolicyComparison team has some new and exciting updates to share with you this month! 58 Policies Received (45 for Policy library) 224 Policy / Section Changes 57 New Wordings/Sections to LMI Policy Comparison. NEW INSURER / POLICY WORDINGS/SECTIONS: Three (3) Liability – CGUA, Protecsure Nineteen (19) Commercial […]
Novemebr 2025 – PCI PolicyComparison Report
The PolicyComparison team have been busy this month, continuing to demonstrate their dedication to maintaining policy accuracy and alignment with the latest standards. Take a look at what’s new below! Quick overview NEW INSURER / POLICY WORDINGS POLICY COMPARISON TEAM HAVE FOUND THE FOLLOWING RECENT CHANGES Caravan/TrailerAlteration to Related Benefits – Youi Pty LtdAlteration to various Basis of Settlement – Youi Pty LtdAlteration to various Exclusions – Youi Pty […]
Councils mapping flood and Erosion
In Victoria and perhaps elsewhere councils are working on updating their maps in respect of flood and in some cases erosion. This I feel is a good thing as it allows home and business owners, property developers, tenants and other stakeholders including insurers to check the risk from these perils before they commit to purchase or lease. In the case of the Yarra Ranges Council, […]
OCTOBER 2025 – PCI PolicyComparison Report
The PolicyComparison team have been busy this month, continuing to demonstrate their dedication to maintaining policy accuracy and alignment with the latest standards. Take a look at what’s new below! Quick overview NEW INSURER / POLICY WORDINGS POLICY COMPARISON TEAM HAVE FOUND THE FOLLOWING RECENT CHANGES Caravan Commercial Motor Commercial Packs Contract Works Corporate Travel Crop Policies Cyber Directors and Officers, Professional Indemnity and Management Liability Engineering Home Insurance […]
LMI PolicyComparison.com just got smarter
Before I explain the exciting new feature soon to be available on PolicyComparison.com, I thought I would remind readers of the level of change in general insurance policies in any given month. The following is an update from the team of the updates in the past month alone. PolicyComparison.com August 2025 Update We are excited to bring you the latest updates fromthe PolicyComparison team, highlighting their continued commitment to […]
Does my Landlords Insurance Policy cover terrorism
This is the fourth post in a series that looks at the coverage afforded by various types of insurance products. The series was prompted by a large number of requests for clarification following the senseless attacks that are going on predominately in Melbourne and Sydney. These attacks would appear to fall within the definition of terrorism as set out in legislation. Today we look at […]
Is terrorism covered under an Australian home and contents policy?
Last week I posted an article in regard to terrorism coverage under commercial property, and/or business interruption policies. I also touched on commercial liability coverage. At the request of quite a few readers, I now turn my attention to home and contents. In a day or two I will address Strata and after than residential landlord policies, and finally private motor. This timeline may be […]
Claims as a Financial Service
Just a reminder that coming up to 3 years ago, (as from 1 January 2022) anyone providing claims services which includes claims preparation, third party administration of claims, and claims management services has been required under the Corporations Act (2010) Cth to hold an Australian Financial Services Licence. The regulations are designed to achieve a higher level of claim service and in particular hold licensees […]
Important Update: Changes to Flood Cover in Home Insurance
It has been noted that certain Insurers have changed their approach regarding Flood cover under their Home Insurance Policies. Where Flood was previously optional, it will become automatic for low to moderate flood risk areas for existing and new customers. For higher flood risk areas the approach varies depending on whether the existing customer previously opted to cover flood or not. As to the premium […]