SR GROUP
  • Home
  • About Us
  • Services
    • Advisory
    • SR Group Debt Management
    • Advocacy
    • Brokers, Accountants & Solicitors
  • Resources
  • News
  • Contact us
    • Contact our team
    • SRG Dispute Resolution

Insurance Policy Issue Natural Disaster Assistance

12/1/2021

 
 ​Our client came to us after losing her home and personal belongings in a fire. She held a building and contents insurance policy that was paid up to date at the time of the fire. Our client claimed fire damage to the property. The claim was referred to the insurer's investigation department for assessment. After the evaluation of the property, the insurer decided our client had not disclosed the condition of the property when taking out her policy. 
The insurer declined the claim based on our client's nondisclosure. The insurer also cancelled the policy stating if our client had disclosed the relevant information would not be a risk.
​

Actions Taken to Assist & Result Achieved
Our team firstly evaluated the case and found the insurer did not provide a detailed and thorough process when our client applied for insurance initially. We put forth a comprehensive submission to AFCA. We argued the unsubstantiated refusal of the claim and our clients' loss. The insurer was directed to settle our client's claim for the contents and the house to be rebuilt. The insurer's cancellation of the policy based on nondisclosure was deemed incorrect and the policy reinstated.

    NEWSROOM

    In our Newsroom, we share advice, the latest news, financial tips and our case studies. Please enter your email address to receive our monthly news update. 

    Subscribe

    Archives

    February 2022
    September 2021
    August 2021
    February 2021
    January 2021
    November 2020
    October 2020
    September 2020
    August 2020
    June 2020
    April 2020
    March 2020
    January 2020
    December 2019
    September 2019
    August 2019
    July 2019
    April 2019
    March 2019
    February 2019
    December 2018
    October 2018
    August 2018
    July 2018
    June 2018
    April 2018
    February 2018
    January 2018
    November 2017
    October 2017
    September 2017
    June 2017
    November 2016
    July 2016

    Categories

    All
    2018 Business Tips
    2019-2020 Bushfires
    ACCC
    ACORN
    Advisory Services
    Advocate Susie Bennell
    ASIC
    ATO
    ATO Company Director
    ATO Distress
    Australian Bankruptcy Trends
    Banking Royal Commission
    Bankruptcy
    Bendigo & Adelaide Bank
    Bill Shorten
    Citibank
    Commbank
    Consumer Law Centre
    COVID 19
    Credit Negiotations
    Debt Consolidation
    Debt Negotiation
    Director's Responsibility
    Duty Of Care
    Family Run Business
    Financial Counsellors
    Financial Difficulty
    Financial Distress Assistance
    Financial Fraud Victims
    Foodco
    Franchising Victims
    Great Southern
    Insolvency
    Investment Fraud
    Investment Tips 2018
    Mick De Brenni
    Minister For Revenue And Financial Services Kelly O’Dwyer
    Moneysmart
    New Zealand
    Peter DImitrov
    Pilbara
    Ponzi Schemes
    Prime Trust
    Professional Indemnity Insurance
    QBCC
    Queensland Builders
    Running A Business
    Scams
    Scott Morrison
    SR Group
    St George
    Superannuation Guarantee
    Support Packages
    Susie Barnettt
    Susie Bennell
    The Big Four Banks
    Veronica Macpherson
    Westpac

Privacy Policy
Terms and Conditions
Resources
Contact Us
Complaints
We acknowledge the Traditional Owners of country throughout Australia and recognise their continuing connection to land, waters and culture.
​We pay our respects to Elders past, present and emerging.
​
All contents of this website © COPYRIGHT 2021
​SR Group Holdings Pty Ltd.
  • Home
  • About Us
  • Services
    • Advisory
    • SR Group Debt Management
    • Advocacy
    • Brokers, Accountants & Solicitors
  • Resources
  • News
  • Contact us
    • Contact our team
    • SRG Dispute Resolution