What is the price for peace of mind?

What is the price for peace of mind?

If we aren’t being bombarded with political advertisements enough at the moment, we certainly are with advertisements selling motor insurance purely on the saving that can allegedly be made. Anyone who handles insurance claims on a day to day basis will tell you that no one remembers what the premium they saved was when a claim occurs. Everyone wants the Rolls Royce cover and service. […]

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Helping get the message out…

Helping get the message out…

I have recently been assisting in getting the message out about often misunderstood and confusing insurance topics. Here are a couple of recent articles I have made comment on for the author: How to save money on roadside assistance and avoid being ripped off The funeral insurance rip-off hurting Australia’s most vulnerable  

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Cyber incidents continue to dominate global risks

The 3rd largest Global Business Risk as reported by Allianz in their latest report is cyber incidents.  Only 4 years ago this risk was ranked 15th and has since dramatically increased, unsprisingly. The sheer amount of phising emails and scams I receive each and every day is horrifying and this is why businesses and individuals are getting caught out every day by these sometimes obvious scams. […]

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Acts of God in Insurance

It amazes me how many times people have spoken of Act of God being both an insured or excluded peril under an insurance policy. There was even a famous Billy Connolly with this as its theme. My nephew, Jeffery, one of the guys sending me a joke questioned me on it and I thought it was worth setting the record straight. Despite having read thousands […]

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Buying quality pays

  Each week I post the products that have been recalled and it staggers me just how many “good quality” brands require a recall. I strongly believe that any company that imports or manufactures product, needs to consider a quality product recall program.   A friend of mine had a fire in a Westinghouse dishwasher, but fortunately it was one of the few times where […]

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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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Building Replacement Value v Purchase Price

I received the following question from a broker: Hi Allan, I have been through your website to see if there is a reference I can use to provide to clients outlining the difference between Building Replacement Value and Purchase price and why you shouldn’t set the Purchase price as the Building Sum Insured. I’m fully aware of the difference and reason but I often have […]

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Upgrade of building to comply with local authority requirements

LMI were approached this week to provide assistance to a distraught townhouse owner who had insured their 120-year-old townhouse through a direct home and contents insurer. The building has been extensively damaged by fire and the client is distressed as only that area of the building which has been damaged has been brought up to current building code, as is required by the local authority, but […]

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