STORM DAMAGE CLAIMS HIT $38M

Written on the 7 June 2016

STORM DAMAGE CLAIMS HIT $38M

THE severe storms that pummelled the east coast over the weekend have been declared an insurance catastrophe with claims tipping $38 million.

The Insurance Council of Australia (ICA) has recorded more than 11,150 claims from across the east coast of Queensland and NSW over damage related to heavy rainfall.

ICA acting CEO Karl Sullivan says insurers will be able to fully harness the industry's disaster response resources following the catastrophe declaration.

"The ICA and its members are liaising with state governments, agencies and the emergency services in response to the damage caused by these storms," Sullivan says.

"So far most claims concern typical storm damage, such as roof and gutter damage, and damage due to fallen trees. There are also reports of cars being flooded in some locations."

As a result of the catastrophe declaration, the ICA has established a taskforce to identify potential issues, activated its disaster hotline and prepared staff to work with affected policyholders.

"The ICA expects the number of claims will keep rising over coming days as evacuated residents return to their homes to assess the damage," Sullivan says.

"Insurers are also standing by to assist their policyholders in Victoria and Tasmania as the low pressure system pushes southwards.

"Policyholders who have been affected should contact their insurance company as soon as possible so the claims process can commence.

"Insurers have electronic records and policyholders who can't find their paperwork need only provide their name and address."

He says it's important to take photos of damage to support the claim and speak to your insurer before completing any repairs.

Policyholders who are unsure about the claims process can call the disaster hotline on 1800 734 621.

 


Latest News

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter