What would your insurance cover in the event of a fire?

Fire Insurance: what are you covered for?

We are fast approaching the end of the year. We are seeing the sun go down later, more and more Christmas lights up around neighbourhoods, people starting to organise their summer getaways. We are also starting to see a lot more hotter days. With these hotter days comes the dreaded bushfire season.

firefighters fighting bushfire

Last year, we saw one of the worst bushfire seasons on record. We saw over 18 million hectares of land scorched and nearly 6,000 buildings burnt to rubble. People were left stranded on beaches as entire towns were engulfed in flames. They watched as their houses and businesses burnt to the ground. Have you stopped to think what would happen to your business if it was impacted by a fire?

Do you have enough cover?

A lot of businesses will have some sort of insurance in place if their business is impacted by a fire. However, whether the cover is adequate or not is the big question. For example, if your workplace burnt down today, do you know if your current insurance policy will pay up to a specified sum insured for losses incurred or whether your policy will cover you for the amount it would cost to replace or repair the damaged building/contents back to the condition it was in just prior to the fires? If you answered yes to the first option, when was the last time you reviewed your policy? If it was a few years ago, there’s a good chance you won’t have enough to rebuild your home.

Book an cost and obligation free risk assessment with us at LARK Insurance. We can sit down with you to talk you through your insurance policy and exactly what you are and aren’t covered for.

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