Is $10,000 combined limit for debris removal and architect’s fees providing genuine protection to home owners?

Back in July I wrote an article expressing concern that some of the supermarket badged wordings around the coverage for flood. http://www.allanmanning.com/when-is-flood-insurance-not-flood-insurance/ With the bushfires in New South Wales and elsewhere I revisited the wordings to look at some of the key benefits provided by home and contents policies in Australia. Having only a few days ago written an article on removal of debris (refer […]

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Removal of Debris

For my milestone 400th post in this blog, I thought I would  choose one of the most popular Google searches that brings people to the LMI Group website. That search tag is “Removal of Debris”. This is not surprising for it is an important issue in many Property claims. With any reinstatement or repair of a building, it is necessary first to remove and/or dismantle the damaged […]

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Procurement Gone Mad

I learned today that one insurer has changed the way that they will be addressing emergency repairs. As it has been explained to me, a restoration company is to be appointed and is to attend in a short time frame. (So far so good but this is where it all goes wrong). If the estimated cost of the works is greater than the paltry amount […]

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Is a 12 month Indemnity Period long enough? Far too often it is not.

While the length of recover for every business is different, it is my experience that in more and more claims, 12 months no longer cuts it. As I explain under the heading: “How long should I Insure for?” on LMI BIcalculator (http://www.bicalculator.com/KC/kc1.aspx?id=39) there are a number of factors that need to be considered. (Remember brokers, you can copy and send a link to your clients […]

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More on the Question of Extra Cost of Reinstatement.

I am pleased that one of the many  readers of this blog posted a comment on the question put to me on Extra Cost of Reinstatement (see above). The comment comes from Adam Matteson, Regional Director of Arch Underwriting at Lloyd’s (Australia) Pty Ltd, based in Sydney. Adam is the co-presenter of the ANZIIF ISR Master Class with me and also sits with me on […]

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Effect of the Clean Energy Act (Carbon Tax) on Building Costs

In a few short weeks, (from 1 July) the Australian Government’s Clean Energy Act [2011] will start taxing carbon emissions at the rate of $23 per tonne. This tax rate will be indexed to increase by 2.5% in real terms each year for the next 3 years. In fact the Federal Government has passed 18 pieces of legislation that from their “Securing a Clean Energy Future” legislative […]

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Question on Removal of Debris

I was asked this question on removal of debris during the week. Hi Allan, I am just looking for some advice.  We have a client who are manufacturer, fill and distribute spray paint cans and the like.  The largest asset value per location is $12,000,000 at Wacol, an industrial suburb [in Brisbane Australia], and we have the ROD [removal of debris] set at $1,000,000. We […]

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