The NSW government has partnered with KPMG to develop a tool that will measure the quality and insurability of homes in the state. The so-called Building Assurance Solution (BAS) tool aims to provide both home buyers and insurance companies with a trustworthy rating for residential buildings in NSW.
Launched just last week, new insurance provider Honey is giving qualifying customers up to $250 worth of smart home sensors! The insurtech company which provides home and contents cover aims to use its tech offerings to not only keep Aussies safe, but also help reduce costs for its customers.
Following the federal government’s announcement of a new $10 billion reinsurance pool, Mozo has done the maths on what the current situation is for residents of northern Queensland, the NT and northern parts of WA.
PM Scott Morrison announced this week on Cairns 4CA radio station that the federal government will be introducing a $10 billion reinsurance pool for northern Australia. The reinsurance pool will come into place in July 2022 and the Insurance Council of Australia has expressed its support for the scheme.
A storm of the century has been tearing through New South Wales, causing widespread flooding across the state and forcing thousands of people to evacuate over the weekend. Right now flood evacuation orders are in place for several towns and suburbs including Brushgrove and Cowper, Moree and Ulmarra as well as areas along the Hawkesbury River including Colo River, Agnes Banks and Freemans Reach.Although the rain has now eased, authorities are urging people to remain vigilant as some rivers have yet to reach their peak levels. In the meantime, the government and the banks have also rolled out a number of financial support measures for households and businesses affected by the floods. Read on for a snapshot of their flood relief packages and details on how to access them.