Warning to Home Insurance policy-holders

Many victims of the recent bushfires in the Blue Mountains, NSW have found that the increased costs of rebuilding their homes under the new Australian standard are not covered by their home insurance policies and they cannot to afford to rebuild. The new standard was set into place in response to recommendations put forward by the 2009 Victorian Bushfires Royal Commission and applies to the construction of all buildings in bushfire prone areas. The AS 3959 specifies construction methods and materials suited to better protect your home during a bushfire and applies to new buildings and the renovation, repair and rebuilding of existing buildings. This new standard denotes a significant increase to building costs therefore it is essential that you review your building sum insured and ensure it reflects the true cost of rebuilding.

Don’t get caught short. Contact us on 1300 776 346 to discuss increasing your building sum insured.