Both South Australia and Queensland have suffered from the fury of nature recently. Residents in the two states have been hit by disasters that have left homes and businesses picking up the pieces.
First, the hailstorms and high winds that struck the south coastline of Brisbane and surrounding areas last November put home and contents insurance through its paces. More recently, the bushfires that swept through South Australia threatened the lives and property of even the most well-prepared.
If there was any doubt into the variety of destructive forces that threaten Australian property on a regular basis, the two recent events proved to dispel it.
At the time of writing, 737 insurance claims have been lodged in the southern state, with losses covered by insurers standing at $24.9 million, according to the latest reports by the Insurance Council of Australia (ICA).
A staggering 100,223 claims have been made since the Brisbane hailstorm, with homes and businesses avoiding possible bankruptcy through $1,040 million in insurance claims.
ICA CEO Rob Whelan said people with insurance claims to make should do so sooner rather than later.
“Insurers are progressing claims and damage and repair assessments with affected customers,” Mr Whelan explained.
“We encourage policyholders affected by the catastrophes to lodge their claim with their insurer if they haven’t done so already.”
Seeking advice after a disaster
If your business, home or property has been affected by such natural disasters, it is important to seek advice from your insurance broker as soon as possible.
Not only will your broker be able to get your claim underway, but there are important steps to take to help ensure both safety and the validity of your claim.
If you are unsure of the extent of cover offered in your policy, your insurance broker will be able to share this information with you, as well as using their expertise to help you get back on your feet as soon as possible.
Your local MGA office and contact details can be found here.