Storm Claims - Hints

After the Storm comes the Claim - What to do now.

Day-after tips

Here are some day-after tips from CPR Insurance Services when you need to claim on Insurance following a Storm.
 

Take photos.
Document all of the damage, especially of thing you need to dispose of quickly, like wet carpeting or spoiled food.

Make small repairs now.
If you have broken windows or other minor damage, repair it now to prevent further damage to your property.
Major repairs should wait until insurance adjusters have visited your property.
If possible, get a range of quotes before undertaking major repairs. However remember your insurance company may have specific steps it wants you to follow.

Check out your contractor.
In areas with widespread damage, it may not be possible to find a local contractor. If you hire someone from another city or state, ask to see a business license and evidence of liability insurance and record that information.
It is also a good idea to make a note of the contractor's license plate number.
Be very wary of contractors who demand payment upfront or pressure you to make a decision right away.

Lodge your insurance claim as soon as possible. After a large disaster, it can take longer than normal for your claim to be processed. Starting early helps ensure timely payment as insurers very much deal with claims in chronological order first and then ease of the claim next. So if you provide all the information the insurers need including properly completed claim forms, quotes for repairs, photos of damage and accounts or invoices for partial emergency repairs, it is likely your claim will be paid sooner rather than later.

CPR Claims Service

We provide complimentary claims services for all our clients but if you are not insured through us for that particular type of risk, we do offer a claims consultancy service at a reasonable cost if needed. CPR Insurance are experts who will save you.

Latest News

Illegal or unsuitable cladding now a big issue

Why we have laws, regulations and Australian standards? Because some people just do the wrong thing all for the sake of making money. The cladding issue is the subject of 4 Corners program on the ABC.

We are already seeing Insurance policies now placing exclusion endorsements into their policies excluding and claims relating to illegal cladding. We are seeing Governments demanding Audits of all existing buildings above a certain height. There are accusations of Builders taking other short cuts such as on Wiring, Pipes and sprinkler systems. 

The question is, who is to blame? Who will take responsibility?

read more

Small business in NSW

Right after the NSW Government have reimposed Fire Service Levies, they have at least made an effort for small business. The government has announced it will abolish stamp duty on a number of policies taken out by a small business. This is an important change.

What is a small business? In order to gain the exemptions, the business must be a small business for Capital Gains Tax Purposes for the income year in which the insurance is effected or renewed. A small business for CGT purposes is: “an individual, partnership, company or trust that is carrying on a business, and has an aggregated turnover of less than $2 million.”

read more