Surfers Paradise Blog

When we think about the little things that count… many of us will think about family, friends, and the security of our future.

However, have you ever thought about the little things in your insurance policies terms and conditions?

Insurance companies are great at creating a feeling of security for us and our loved ones; however, what happens when you need to make a claim?

Recently, we heard about an investor who tried to claim storm damage to the roof of their property.  The investor lodged their claim in good faith, but the insurance company rejected it.  The claim was denied because of a little hidden clause in the terms and conditions stating that the roof tiles' pointing must be replaced every ten years for the policy to remain current.

You may not understand the concept of roof pointing like many. Still, it is essential to read the terms and conditions of any insurance policy you enter to ensure that you are protected.

Any agreement's terms and conditions can be time-consuming to read, long, complicated, and confusing.  However, if you want to be genuinely protected when making an insurance claim, you need to invest the time to read the little things that do count.  

We are here to protect, give general advice and increase your wealth creation.  However, we cannot read every insurance policy's terms and conditions as they are endless and ever-changing.

We strongly recommend that you read the terms and conditions of every policy or seek independent third-party advice before signing or committing to anything.