Daily Mercury

16 Nov 2019

CAITLAN CHARLES caitlan.charles@dailymercury.com.au

 

INSURANCE industry representatives have assured North Queensland they will not be left behind amid heated debate over the cost of insurance in the region.

Queensland-based company Sure Insurance has reinforced its commitment in regional Queensland.

Managing director Bradley Heath said there was a home insurance price “crisis”, with average premiums across the region soaring to exorbitant and unaffordable levels over the past decade.

“That’s why we established Sure Insurance – a specialist regional Queensland insurer focused exclusively on delivering affordable cover to enable the region’s householders to access insurance,” Mr Heath said.

Gardian insurance broker Luke Phillips said strata premiums were the main issue in the region.

“Most of the capacity for strata is already taken up down south,” Mr Phillips said.

“North Queensland already has its higher rates because of catastrophe ratings.”

He added that companies, like Sure Insurance, were already addressing the issue.

Mr Heath said Sure Insurance understood that regional Queensland was prone to extreme weather events and believed incentivising customers to make homes more resilient would assist in reducing premiums.

“We know things are tough for regional Queenslanders and Sure Insurance is proud to have already delivered average savings per customer of about 30 per cent on home insurance across North Queensland, which is more than $1200 a year.”

What to do in an emergency

If you’re in a life threatening emergency, call 000 or your local SES on 132 500 first.

If it’s not life threatening, report any loss to the police and keep a list of any items stolen or damaged.

Next, contact our team on 1300 392 535.

Fairness First

You’re in safe hands with Sure.

Sure Insurance is Queensland owned and operated. We have partnered with global insurer, Liberty Mutual Insurance Company (Liberty), who underwrite your policy. In Australia, Liberty is licensed and regulated by the Australian Prudential Regulation Authority (APRA) and meets all prudential requirements

All financial services in connection with your policy are provided by us, on behalf of Liberty, under our Australian Financial Services Licence (AFSL 506378). Contact us for more information.