Posts Tagged ‘insurance’
Why Australia is facing a ‘devastating insurance crisis’ this summer
A national property firm has warned that Australia is facing a “devastating insurance crisis” as this summers triple-dip La Nina threatens to financially ruin underinsured homeowners. MCG Quantity Surveyors, which has offices in Brisbane, Sydney, Melbourne, Newcastle, Adelaide, Perth and Canberra, said that a combination of factors could lead to “one of most financially devastating”…
Read MoreThe Danger in Errors in Property Insurance
I love a good pub trivia quiz. A few guesses, a few beers, and a catch up with mates. Unfortunately some people apply the same method to working out their property insurance. A bit of a guess, maybe some tips from a valuer, and possibly even an online calculator. The truth is, there’s a bit…
Read MorePercentage Of Home Owners That Have No Insurance At All
If there’s one silver lining out of the arduous lockdowns experienced during COVID, it’s that the rate of house break-ins has dropped. As painful as they have been, stay-at-home orders have correlated with an average 37% reduction in crime around the world, according to an international study endorsed by the University of Queensland. It’s a…
Read MoreYou Have Missed The Boat There Is An Embargo – Insurance update
The bushfires have steadied, the fires that were out of control are now under control, if not now largely all extinguished. It is now time for the long road to recovery. Many endless hours of insurance assessing, demolition of existing destroyed properties, delays due to contaminated waste (older house with asbestos), thousands of kilometres of…
Read MoreTimely reminder to home owners – Watersun Homes Collapses
The headlines are reading, ‘Home builder goes under, Thousands lost, Hundreds of home owners left out of pocket’. The reality is that we have all read these headlines before and unfortunately, these brutal words will continue to feature from time to time within the construction landscape. Building your home is a personal thing, whether it…
Read MoreHome Insurance Shortfalls and the Impact of Recent Natural Disasters in Australia
Recent events in Australia have shown the devastation that natural disasters are capable of. Between the Queensland & Victorian floods and the NSW bushfires, Australians have come to see just how important adequate home insurance is. These disasters have also highlighted an epidemic of under insured home owners in Australia. Let’s take a look at…
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