Was Your Property Damaged By Cyclones?
For business and property owners
You could be missing out on substantial amounts of money due to a lack of thorough investigation by an expert.
Please contact us today on 13 11 99, to find out how you can recover the hidden damage that can be caused to properties in cyclones.
What we can help with:
- How to assess the true damage to your property
- How to work out what you are covered for under your policy
- The process for recovering your losses in full
Were You Affected by Cyclone Yasi?
No matter where you are in Australia, if you were affected by a cyclone and are battling the insurance companies, we may be able to help you resolve your insurance dispute.
Do you feel like the insurance system has failed you? Has your home or business been damaged as a result of the recent cyclone disaster and is your insurance company refusing to make an insurance payout?
What you need to know about your insurance policy
The law recognises that insurance policies may exclude coverage for certain events. However, each insurer has its own terms as to whether it will accept a claim for flood or storm damage. For example, some insurers will explicitly exclude damage caused by riverine/inland flooding but may cover claims arising from flash flooding/storm water/rainwater runoff.
The definitions of an insurance policy are often intentionally ambiguous. You may be in a situation where the amount of loss you’ve suffered is in question by your insurer. You may have even received incorrect or inadequate advice from your insurance company or agent/broker when entering into your policy contract.
Do not assume that you are not covered. If you are in doubt, please contact us today to seek legal advice.
Cyclone Yasi Insurance Facts & Figures
The cyclone facts below are quoted from an article in the Townville Bulletin.
- The ICA's latest figures for the insured losses from Cyclone Yasi is $868 million.
- Across Queensland, almost 100,000 claims have been lodged, with nearly two-thirds of those generated by Cyclone Yasi.
- Cyclone Yasi crossed Queensland's coast at Mission Beach about midnight (AEST) on Wednesday Feb 3 as a category five cyclone.
- Highest official recorded wind gust: Lucinda Point 185km/h 11.27pm Wednesday
- Highest unconfirmed recorded wind gust (by BoM observers): 220km/h Tully and Innisfail.
- BoM highest estimated wind gust 290km/h
The cyclone facts below are quoted from an SBS article.
- The latest damage to key farming commodities brings the total crop losses in Queensland, the heart of the nation's agriculture sector, to $1.4 billion due to natural disasters in the past six weeks. (AAP)
- About 20 percent of the region's sugar crop had been destroyed by Yasi, representing about $500 million in lost production from which it would take farmers several years to recover, said the industry group Canegrowers.
- Up to 85 percent of Australia's total Banana crop had been destroyed by Yasi. "They're still pulling figures together but certainly the benchmark we're going off is it's almost wiped out the same area that Cyclone Larry did, and that was measured at around $300 million," Galligan told AFP
- It is estimated that Queensland’s coal exports between December 2010 and March 2011 could be around 15 million tonnes lower than previously anticipated. This represents a reduction in export earnings of around $2.5 billion.
Cyclone Yasi Photos
Cyclone Yasi Photo Gallery
Cyclone Yasi Articles and Information
Need Answers Fast?
If you feel you aren't getting what you deserve from your insurance claim, please call our Insurance Recovery team at Shine Lawyers on 13 11 99 today.