Mon, 29th Apr 2024

Insurance News Wrap

An episode of the Insurance News Wrap podcast, hosted by Paige Estritori, titled "Mon, 29th Apr 2024" was published on April 28, 2024 and runs 2 minutes.

April 28, 2024 ·2m · Insurance News Wrap

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Summary

In this episode of Weekly Insurance News Wrap, we cover AFCA's ruling that a damaged vintage car, whether operational or not, is exempt from home insurance, highlighting the need for comprehensive coverage for unique vehicles. We also discuss increased satisfaction with insurers' handling of claims amidst recent floods, while pointing to concerns over a trend towards self-insurance amongst small businesses. Finally, we discuss a case where travel insurance fell short of covering costs of a vacation disrupted by wild fires, emphasizing the importance of understanding policy terms completely. Information on these topics and more can be found on financialservicesonline.com.au.

Episode Description

In this episode of Weekly Insurance News Wrap, we cover AFCA's ruling that a damaged vintage car, whether operational or not, is exempt from home insurance, highlighting the need for comprehensive coverage for unique vehicles. We also discuss increased satisfaction with insurers' handling of claims amidst recent floods, while pointing to concerns over a trend towards self-insurance amongst small businesses. Finally, we discuss a case where travel insurance fell short of covering costs of a vacation disrupted by wild fires, emphasizing the importance of understanding policy terms completely. Information on these topics and more can be found on financialservicesonline.com.au.

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