are you covered for flood damage??? check
http://www.aami.com.au/policy-documents … policy.pdf
how many of you have read the fine print in your insurance cover of late???
Seems AAMI does not cover for flood damage, tsunami / tidal wave, high tides or other actions of the sea ( that would include storm surges)
They define the diference between Flood and Storm / Rainwater, so many are not covered.
quote"
Flood - Means the inundation or covering of normally dry land by water which: escapes or overflows from, or cannot enter, because it is full or has overflowed, or is prevented from entering, because other water has already escaped or been released from it, the normal confines of any watercourse or lake, including any that may have been modified by human intervention, or reservoir, canal, dam or storm water channel. Flood does not mean storm water run off from areas surrounding the site or water escaping from any water main, pipe, street gutter, guttering or surface. AAMI Home Insurance does not cover flood. "
mmmm guess who i'm not keeping my policy with??? 
luckly i'm not near a river, lake or any of the defined sources of a flood, so I'm covered for Cyclone run off and storm water at least!
But people with AAMI polices near the Swan River or on canals down south are stuffed if this cyclone brings in a storm surge!
Tony Halliday: ~Meals on Reels ~
It takes a strong fish to swim against the current. Even a dead one can float with it
"It is always in season for old men to learn." Aeschylus (525-456 BC)
"In a mad world only the mad are sane." Akira Kurosawa (1910-1998)
Trezzie
Posts: 14
Date Joined: 20/01/11
Go with Suncorp!!
Hi Tony, policy wordings are very tricky things so everyone should read them carefully before taking out any sort of insurance.
My suggested insurer for home and contents insurance would be Suncorp. Not only are they a great employer (mine!) but they have automatic flood cover for all types of flood caused by rain. This includes:
Additional features at no extra cost as well, are:
Suncorp have recently received thousands of claims from the QLD flood victims and staff from many other areas of the business are pitching in to help process these claims so that we can get our customers back on track as soon as possible
Jen
Jenny
Tony Halliday
Posts: 2500
Date Joined: 14/06/07
thanks Jen, with the last
thanks Jen,
with the last East Coast flooding it has highlighted how we think we covered, but are not when the chips are down! I'll give them a look-see sticky beak
Tony Halliday: ~Meals on Reels ~
It takes a strong fish to swim against the current. Even a dead one can float with it
"It is always in season for old men to learn." Aeschylus (525-456 BC)
"In a mad world only the mad are sane." Akira Kurosawa (1910-1998)
Matt T
Posts: 875
Date Joined: 19/11/07
Insurers
Tony, Unfortunately many insurers exclude flood cover from their policies, it is usually included via endorsement to the policy at an additional premium. The best practice is to have a broker to read all the policy wordings for you and advise on the most appropriate cover, failing that it is very imposrtant to sit down and have a read of your policy wordings. Many people have cover for things they don't realise and vice versa.
Tony Halliday
Posts: 2500
Date Joined: 14/06/07
yes, just looked at HBF and
yes, just looked at HBF and they do cover floods, cyclones and storm surges etc.
I'm just mifffed at been told when I took out the policy that I was coverd for storm damage and flooding from run off. BUT seems not from water backing up as I have now read. Seems to be a loophole in that if the water passes through your house and onto a lower point, then you covered, but if it backs up a creek, storm canal or river etc, then you not covered, as that is called rising waters!
Tony Halliday: ~Meals on Reels ~
It takes a strong fish to swim against the current. Even a dead one can float with it
"It is always in season for old men to learn." Aeschylus (525-456 BC)
"In a mad world only the mad are sane." Akira Kurosawa (1910-1998)
carnarvonite
Posts: 8667
Date Joined: 24/07/07
Too late
If you rushed out and bought insurance cover for cyclone Bianca travelling down the coast, you are too late because once a cyclone is named you cannot be covered from damage by that event