Insurance claims due to Australia’s worsening bushfire crisis have reached 8,500, totaling about $700 million. The average contents claims was about $50,000, while house claims were about $300,000, according to the Insurance Council.
Frydenberg said “the insurance companies have already lined up builders to start the rebuild process,” and that the companies “gave their guarantee” that they will “prioritise the use of local tradespeople,” The Sydney Morning Herald reported.
Tradies to lead bushfire recovery
“Local tradespeople in the communities that have been impacted because these communities need to rebuild and the more jobs that can be provided locally the better,” Frydenberg said.
Just this Monday, the federal government announced a $2 billion national bushfire recovery fund to support rebuilding efforts over the next two years after the current horror bushfire season, SMH said.
Source Insurance Business Magazine
Any advice that may have been given is general advice only, please be aware that we have not taken into consideration your needs, objectives or financial requirements. Before deciding to purchase a financial product you should consider the appropriate Product Disclosure Statement to ensure the product is suitable for your needs.
insuretradies.com.au operated by Insure 247 Pty Ltd ACN 612944215 is an Authorised Representative of Ausure Pty Ltd ABN 94 096 971 854 AFSL 238433.
Insure 247 Pty Ltd ACN: 612944215 is an Authorised representative of Ausure Pty Ltd Australian Financial Service License Number 238433
Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation and needs. Please read the Product Disclosure Statement and contact us if you require any clarification.[/vc_wp_text][/vc_column][/vc_row]