Cyclone Alfred: Insurance Council of Australia | Australian Markets
The Insurance Council of Australia has met with insurers in preparation for potential devastating damages introduced by Cyclone Alfred.
The board mentioned insurers have catastrophe response specialists on standby, nevertheless, urged Australians to prioritise their security.
“The Board of the ICA met this morning to discuss this unfolding event and had a very constructive discussion with Assistant Treasurer Stephen Jones,” ICA chief government Andrew Corridor mentioned.
“Insurers reiterated that insurers are committed to supporting customers through this event.
“A number of key insurers based in south-east Queensland with operations in impact zone are putting in place contingencies, however, their own staff may also be impacted by this event.
“Weather events are often unpredictable, and Tropical Cyclone Alfred is proving to be no exception. Safety is our absolute priority and it’s paramount those in the impact zone remain alert.
“While it’s still too early to know what the true impact of this weather event will be, we know that due to the population density in these areas that we may be looking at a very large number of claims.”
Mr Corridor inspired these with harm to take pictures and make a checklist of broken objects if they will.
Insurance Council of Australia advice for policyholders impacted by Cyclone Alfred
• Prioritise security. You probably have evacuated your home or business, solely return when it’s protected to take action. In case your home has water harm, don’t flip in your electrical energy till it has been inspected by an electrician. Don’t drive your vehicle if it has suffered water harm.
• Contact your insurer as quickly as you may. You may lodge a declare with out understanding the total extent of the harm. Your insurer may even have all of your coverage data available.
• Take pictures and make a checklist of broken objects, together with the model, model and serial quantity when you can.
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