Insurance Claims Update: The impact of stage 4 Coronavirus restrictions on property insurance claims.
The effect of recent natural disaster catastrophes, and the Coronavirus (COVID-19) on the claims insurance market.
The last six months have seen an unprecedented number of insurance ‘catastrophes’ declared in Australia. Many homes, cars and businesses experienced serious damage, resulting in a major spike in insurance claims across the nation. Unprecedented catastrophes in Australia Insurance events declared catastrophes over the last 6 months are as follows:
Do any of the OC properties you manage have defect issues? Are your clients hoping Strata Insurance will cover the defect and resultant damage? Unfortunately it isn’t quite that simple. Renee Cassidy, Claims Manager at Resolute Property Protect explains… With high demand for property and inner city living, apartment buildings
If your client receives a Letter of Denial for their insurance claim, it isn’t a particularly welcome outcome, especially if they feel the insurance claim should have been covered under the policy. However, they are able to take comfort from the fact that a denial letter doesn’t have to be
Are your clients aware of how they could be impacted if their Strata property is underinsured? We recently received this important question on underinsurance from Australian Strata property blog LookUpStrata. Our response below has been prepared by Renee Cassidy | Claims Manager, Resolute Property Protect. Scenario: I believe the Building Sum
Do your OC clients know what steps to take if their apartment or unit is damaged in a storm? Renee Cassidy, Claims Manager at Resolute Property Protect advises her top tips for you to share with your clients should their property suffer damage during a severe weather event. It’s a wintery