The IA Risky Business

  Last weeks memo showed you many of the 'additional benefits' included in our standard Home & Contents Policy. It's amazing how many people do not know all the extra features that are available to you and how vital these are in assisting you get back to the same position you were prior to a claim. It also puts some perspective on some of the pricing available in the market. It's not all doom and gloom! Today we move onto your Car insurance. I make no apologies for a being a car nut. OK so I cant tell you the In's and outs of every car like some or why one is better then another...... I just love em! The technology and the fact that designers can do what little boys love doing everyday, just draw cars. It's always fascinated me. Formula One technology is something I have loved since, well, as long as I can remember. As a lad I used to set the "VCR" through the 80's and then after school come home and watch the race. I'd keep away fro

This mornings memo is going to look at some of the additional benefits payable under a home Insurance policy. We thought we'd start with your home then over the coming weeks look more in depth at your Business policy. I was taught very early on in my career that once you understand a home insurance policy better it is easier to pick up more technical covers. It's proven to be trued. My first job in Insurance was with GIO working in Toowoomba QLD. I spent over 40 hours a week doing nothing but home & contents, car and caravan insurance. It was a fantastic introduction to an industry that we are now so passionate about. It also helped that my first job paid more then reaching my career goal in my previous life as a broadcaster. Whilst no one expects consumers to understand fully the In's and outs of their insurance it is important you have an understanding. It's for this reason people use Insurance Brokers. We are able to provide advice and answer any questions a

This year one of our projects is to highlight the massive level of under insurance in Australia. Even though you have covered your property and paid the premium if you don't get the sum insured right you can end up in a dire position. It's all well and good to throw a figure out and expect that if something happens that's what you will get back from an insurance company. This couldn't be further from the truth. An Insurance policy is a contract between you - the consumer - and the insurer. When was the last time you signed a major contract without getting advice or at least reading over the documents. It happens too often particularly when dealing with direct insurers who work on a 'no advice' model under their licence. No insurer or broker can tell you what to Insure your property for. Our advice is 'replacement value' as this is what the policy conditions states. Under Insurance is triggered by a policies 'Average' clause. Or sometimes