- • How Insurance Works
- • A Regulated Industry
- • What is Risk?
- • Types Of Insurance
- • Choosing an insurer
- • Finding an insurer
- • Insurance Brokers
- • Product Disclosure
- • Common Exclusions
- • Making a claim
- • Disputes
- • Code of Practice
- • Catastrophe Arrangements
- • Insurance Fraud
- • Calculators
- • Consumer Tips
- • Useful Links
- • Useful Contacts
Common Risks
Most risks to property are common-sense dangers or impediments to the appropriate functioning of insured property.
Large trees hanging over houses, drainage gutters blocked
with debris and even minor rust damage to metal roofs are some
common risks that consumers encounter. A tree could fall and crush
a section of your house, blocked gutters could catch fire in a
bushfire and rust could give way, collapsing your roof.
Having appropriate security measures helps reduce the risk of
burglary of theft.
Consumers applying common sense and honestly appraising their
situation will be able to appropriately mitigate most
risks.
The location of a property should also be taken into account. Property owners in flood, bushfire or cyclone prone regions should assess their risk when considering their insurance options. Many councils can provide flood maps that show historic flood levels, which can help property owners make appropriate insurance decisions.
In 2011, Geosciences Australia started modernising the national approach to flood mapping to benefit community planning and property owners.
