Why You Should Regularly Review Your Insurance Cover

Why You Should Regularly Review Your Insurance Cover

Declined. Not Covered. These are not the words you want to hear when something has gone wrong and you need to rely on insurance to help out. But if you have not regularly reviewed your risk profile and insurance requirements, notified your insurer of changes to your...
Ever Heard of the Building Defects Exclusion?

Ever Heard of the Building Defects Exclusion?

Following the leaky homes crisis of the early 2000s (many would say it is still ongoing) insurers wanted to limit their exposure to what they saw as the substantial risk of claims from external water penetration into buildings. They saw this as a risk that was just...
Working Out Your Vehicle’s Market Value

Working Out Your Vehicle’s Market Value

Market value is generally defined as the reasonable sale price of the same or a comparable vehicle immediately before the loss, excluding GST and any signwriting, wraps or artwork, but including the value of accessories*.  This value needs to take into account the...
Dial Before You Dig – Two Claim Examples

Dial Before You Dig – Two Claim Examples

Claim 1 – Landscaper A contractor was doing some landscaping work at a client’s property when they accidentally put a shovel through a buried telephone cable. Chorus made the repairs and sent the contractor a bill of $3,000. The landscaper made a claim...