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News
Here's why your home insurance costs are likely skyrocketing
1+ week, 2+ day ago (897+ words) Receiving my home insurance was an unpleasant experience last week. It went up 15 per cent since last year. This would have been fine except that it went up 10 per cent the year before, and the year before that, and the…...
Why natural disasters are impacting the housing crisis
1+ week, 4+ day ago (317+ words) Rebuilding homes hit by natural disasters is diverting money, materials and workers away from the ever-important task of solving the housing crisis. A new insurance catastrophe resilience report from Insurance Council of Australia revealed the cost of rebuilding is now…...
The $115,000 insurance gap leaving home builders financially ruined
2+ mon, 2+ week ago (843+ words) If Michael Nelson wants to access the back half of his home, he has to go out the front door, walk through the muddy backyard and enter through an unfinished back door. The doorway which would have joined the original…...
Your apartment's hidden insurance trap: the smokes shop downstairs
4+ mon, 2+ week ago (1001+ words) A tobacconist in your building could spell trouble and whopping costs, as insurance providers increasingly categorise these businesses as "high-risk commercial tenants." One apartment block in Campbell has been hit with a $200,000 insurance excess after a licensed tobacconist moved in,…...
Why everyone pays the price when victims can't afford insurance
6+ mon, 2+ week ago (551+ words) Recent research by Finity data indicates Australia is on the cusp of an insurance emergency. The increased incidence of natural disasters has driven a 51 per cent spike in average home insurance premiums over the past five years. This has created…...