Act now to improve your storm safety and savings: RACQ
RACQ spokesperson Lucinda Ross said now was the time to act, with funding from the State and Federal governments on offer and storm season fast approaching.
“The affordability of insurance premiums in north Queensland is a real concern, as is the risk of property damage and injuries when severe storms hit,” Ms Ross said.
“Now is the perfect time for Queenslanders living within 50km of the coast from Bundaberg north, in pre-1984 homes, to investigate benefits available to them to improve the resilience of their home.
“Government grants, like the Household Resilience Program, could contribute up to 75 percent of the cost of improvements such as re-roofing or having cyclone shutters added.”
Ms Ross said investment in mitigation works could have significant benefits in the future.
“As well as making your home safer for you and your family, any money spent to make your home more resilient could lead to savings on your insurance premiums,” she said.
“Some insurers, like RACQ, offer discounts on the cyclone portion of your premium if you make changes to improve your home’s resilience to wind damage.
“Almost 3,000 of our members have accessed this discount since 2016, saving more than $730,000.”
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RACQ Operations Pty Ltd (ABN 80 009 663 414 AR 000234978) and Members Travel Group Pty Ltd (ABN 45 144 538 803 AR 000432492) are acting as an Authorised Representative of the issuer of the insurance, Tokio Marine & Nichido Fire Insurance Co., Ltd. (ABN 80 000 438 291 AFSL 246 548). Any advice set out above is general in nature only, and does not take into account your objectives, financial situation or needs. Before purchasing any travel products, please consider the RACQ Travel Insurance Product Disclosure Statement (PDS) and the Target Market Determinations (TMDs) that apply to these products. Whilst the PDS outlines the Terms and Conditions of these products, the TMDs outline the intended class of customers that comprise the target market for these travel products. This will allow you to consider which products best suit your objectives, financial situation and needs and consider the products appropriateness to your personal circumstances. TMDs also outline matters involving the distribution and the review of these products. The PDS, Supplementary PDS and TMDs for each travel product can be found here.