Just read today's paper how insurers include CGU, QBE, Hollard, Allianz, Elders, Limley, Cuna Mutual, Capricon Mutual refused legitimate claims in disaster zone of Western QLD and left the victims high & dry suffering, the excuse was the damages caused by floodwater, not stormwater. Houses next to each other a few are compensated while many are not. It makes my blood boil, what a load of carp ! It's time we mobilise people power (only if this govt show some leadership !) to clean up this insurance joke. The questions in the application, PDS, duty of disclosure BS are designed so they can wriggle out of paying. You can pay hundreds $$ in premium for 50 yrs and when it comes to make a claim the insurance companies find every excuses under the sun to refuse the claim. You don't handover couple of grand to Harvey Norman and then they decide if they feel like giving you the plasma TV. Honestly how many of you have any faith that your insurer will pay up ! We should name and shame the dodgy insurers. A table of payout ratio is a starting point.
Before anyone starts I know there are very few scums who ripoff insurance companies, but most of us consumers are not criminals.
Now I got it off my chest !
Before anyone starts I know there are very few scums who ripoff insurance companies, but most of us consumers are not criminals.
Now I got it off my chest !
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