With Autumn now upon us, it is an important time to check and clean out your gutters and downpipes to avoid the chance of water entering your home or business. In a recent check I was staggered to find a plant had been growing in the rain head in one of our downpipes. I also found that leaf guards that we had fitted to keep […]
Burst flexi hoses are a major cause of losses in homes and residential strata.
Yesterday, I posted an article on lithium batteries in e-scooters which is an area of interest in our risk management division. Today I turn my attention to losses resulting from burst flexi pipes. The reason for this is that the frequency and severity of the losses from burst flexi pipes is increasing, particularly in residential strata but also in free standing homes. Steve Manning prepared […]
A case of loyalty being rewarded by an insurer with compassion.
Last week I posted the story of an insured who had inadvertently allowed their insurance to lapse last October. They only found out that this was the case when they attempted to lodge a claim when a stolen car drove into the front of their home. The Insured’s sister contacted the insurance to arrange for insurance to be reinstated on the house, so it was […]
A costly oversight – make sure your insurance is current
I received one of those calls yesterday at around 4.50pm that make you ill in the stomach. Obviously 100 times worse for the owner of the home. What occurred a stolen car was driven into the home before the thief, who lost control of the car, ran off on foot before anyone could stop him. The only good news was that the husband who is […]
Anti burst flexi hoses
With burst flexi hoses being such an issue, particularly in strata and home situations, Steve Manning and I have been researching ways to reduce the risk of damage. We have tested a number of shut of valves but over the weekend while in at Trade Link Plumbing Supplies I struck up a conversation with the store manager and she introduced me to a new range […]
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 […]
Looking for a solution to the mould problem
We at LMI have been working with Endangered Heritage to reduce the cost of mould claims to the general insurance industry and equally important to reduce the risk of occupational health and safety issues that can and do arise. Endangered Heritage is currently running a survey on the subject. It only takes 2 minutes. It will not lead to any marketing campaign or you being […]
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 […]