How Extreme Weather Risks May Impact Your Insurance Premium

A recent severe weather report released by the US National Centre for Atmospheric Research  suggests that Australia is at risk of more extreme weather. Due to further global warming, it will result in extreme weather down under.

Sydney & Melbourne will be exposed more than ever to increasingly intense hailstorms & tropical cyclones. They will continue to track further south The bigger threat for regions further south has been reported to be bush fires.

So how does this impact your insurance premium & how can Bluewell Palm Beach assist?

Over the last couple of years we have observed a premium increase on commercial property and business insurance. The major insurers have advised us that this is due to larger and more frequent claims.

Here at Bluewell Palm Beach we are always on the lookout for the best deals for our clients. Our clients don’t have to simply accept a large premium increase. However, sometimes it is worthwhile continuing with the holding insurer price for better claims service or continuity of cover with the holding insurer (which we profile). Otherwise, a case by case basis decision is best.

As a team of Industry professionals, we specialise in business insurance for SME’s and would love to try and help you reduce your insurance premium.

 Get in Touch with us today discuss by calling on 1300 669 664 or emailing [email protected]