Estimates from the State Treasury have revealed that the NSW Government has pulled the plug on the newly developed fire and emergency services levy (FESL). The decision has caused outrage amongst taxpayers thanks to its $25 million price tag.
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Urging the government to clamp down on poor quality property developments, the Insurance Council of Australia (ICA) has warned homeowners that they may start to see their home insurance premiums because of the rise in buildings constructed with questionable materials.
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From 1 July, the NSW Emergency Services Levy applied to home insurance policies, will be replaced by the Fire and Emergency Services Levy, paid along with council rates. But the change might hit Sydney-siders’ wallets harder than expected.
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As Queenslanders wake up to a big clean up following the destructive path left by Cyclone Debbie up and down the state’s North coast, the Big Four banks have been quick to release emergency relief packages for local customers affected by the tropical storm.
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After Sydney was hit with another severe storm yesterday evening, residents are being urged to stay safe and Central Tablelands residents in particular should brace for further inclement conditions.
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Homeowners in Sydney and across the east cost could be in for another wet and wild weekend with rainfall expected to worsen in the comings days.
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As the cleanup from last weekend’s severe storm continues around Sydney, the Insurance Council of Australia has described the Saturday afternoon deluge of hail and thunder as a “catastrophe”.
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As a number of devastating bushfires continue to rage across New South Wales having already destroyed 30 homes, all four major banks have introduced relief packages for customers affected by the fires.
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The home insurance industry has received a huge vote of confidence from Australian consumers according to a new study, with 80.7% of policyholders feeling satisfied with their insurance.
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