Claims Examples

Householders Claims are very real and usually it is more than just a Fire of your most valuable assets, it is usually a time you realise how inadequate your cover may be particularly when it comes to under-insurance, certain policy exclusions and low sub-limits on policies.

Get good advice! Unfortunately direct insurers are limited on the advice they can give and can only really comment on the positives of their product, Insurance Brokers do give personal advice and will cost more because they seek out broader cover to meet the needs of their clients and provide a claims service.

Think about what happens if you were to have a disaster happen to your home. These examples can make you think about these very real risks.

Melbourne House Fire suspicious

NSW Bushfire reached doorsteps of homes

Rockingham Home destroyed by Fire

Port Augusta Home deliberately lit

Householders Liability - trip and fall on wire mesh

House Fire in Ballarat - 3 feared dead

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?

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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.”

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