Underinsurance levels high in bushfire prone areas
In an article published by Insurance & Risk it was reported that over 1.5million blocks of land in Australia are currently situated in ‘bushfire prone areas’ (BPAs)*.
With the festive season just around the corner, and 2018 steadily approaching, it’s fair to say we are all looking forward to a well-deserved break and a little fun and frivolity during the holiday season.
To help keep you, your home and your business safe, we’ve compiled our ‘12 Tips of Christmas’ – to help you enjoy a fiasco-free holiday!
Ensure you’ve turned off water taps to your dishwasher and washing machine just in case a washer or hose breaks while you’re away. Similarly, unplug any non-essential electrical items to ensure they don’t become damaged in the event of a power surge.
Consider converting old incandescent Christmas lights to LED bulbs. LEDs can help you save electricity, but more importantly, they expel little to no heat when in use, significantly reducing the fire risk.
Several people were injured earlier this year when a BBQ gas cylinder sparked a fire at a Melbourne apartment building. Before using your BBQ, check for any gas leaks and ensure that the fittings and hoses are in perfect working order before you fire up the grill.
It’s very important to keep your broker and / or insurance company updated with any changes to your insurable items. After Christmas it would wise take stock and update your contents insurance policy to account for any new and valuable items you may have received as gifts e.g. jewellery, electronics, artworks etc.
TIP: Insure valuable Christmas presents before they’re opened!
Should you purchase any valuable items as Christmas presents, ensure they’re added to your Contents Insurance policy the moment you get them home. This will help ensure they are insured against unexpected events like fire or theft.
Summer months can be the perfect time to renovate your property, or organise some long overdue maintenance. If hiring tradespeople, ensure they have a current Public Liability insurance policy with adequate limits in place – it would be wise to ask for their Certificate of Currency. Likewise, if you are volunteering for works at your Strata property, check that the OC’s Strata Insurance policy includes Personal Accident Cover for Voluntary workers.
Ensure your business’ alarms and monitoring systems are up to date before you close for the Christmas period. If using an external security provider, ensure they’re aware of the dates your business will not be in operation.
Ensure you’ve purchased a Travel Insurance policy to provide you and your family with financial protection and peace of mind should anything go wrong while away. To obtain a travel Insurance quote, or to find out more information, please click here.
An exciting holiday can be marred with the loss of or damage to personal items such as jewellery, phones, handbags and wallets, sunglasses, cameras and laptops. Ensure your Home and Contents policy includes cover for the theft, loss or damage of Personal Items while away from your residence. Travel Insurance can also cover these items.
With the Bureau of Meteorology predicting a warmer than average summer in many parts of Australia over the 2017-18 summer period, everyone needs to remain vigilant when it comes to the risk and danger bushfires pose - particularly when in rural areas. Whitbread have published several articles on the importance of preparing for the bushfire season and you can stay informed during an emergency. Read more here.
Although Australia can encounter powerful winter storms, summer storms can often be just as severe if not worse. Many summer storms have caused significant and widespread damage over the last decade. Ensure your property insurance is comprehensive, including cover for storm damage and natural disasters.
For tips on what to do if your property suffers severe storm damage, click here to read our article.
Excluding public holidays, Whitbread’s Melbourne office will have claims consultants and insurance brokers available for you to speak to. If you need to get in touch with us during the holiday period, click here for more information on our office hours.
Should you require after hours emergency claims assistance, click here for a list of emergency contact details for a broad range of insurers.
This insight article is not intended to be personal advice and you should not rely on it as a substitute for any form of personal advice. Please contact Whitbread Associates Pty Ltd ABN 69 005 490 228 Licence Number: 229092 trading as Whitbread Insurance Brokers for further information or refer to our website.
From July 1, 2017, some residential Strata Insurance policies will experience significant total premium changes as a result of amendments to the Terrorism Insurance Act 2003 (Cth). The changes apply Australia wide, and relate to the introduction of a Terrorism Levy.
This Media release from the 10 March, 2018 outlining the latest from the Victorian Cladding Taskforce has been supplied by Minister for Planning, Richard Wynne.
After an Australian Federal Senate Inquiry and multiple investigations, we have reached a tipping point, and 2018 is finally seeing some action. Regulatory changes and laws drafted to either ban or control the use of various types of cladding will come into play, helping ensure the safety of countless buildings...