Sun­corp’s blow for the North

Port Douglas & Mossman Gazette - - BUSINESS - Tony Raggatt

ONE of the na­tion’s big­gest in­sur­ers is chal­leng­ing its ri­vals with an in­dus­try best-prac­tice ap­proach to mit­i­gat­ing storm dam­age by re­ward­ing home­own­ers who strengthen their homes.

Sun­corp an­nounced its Cy­clone Re­silience Ben­e­fit pro­gram last week, promis­ing dis­counts of up to 20 per cent, which can amount to $600 a year off peo­ple’s to­tal pre­mium.

“We be­lieve the best way to pro­tect the North is to help peo­ple pro­tect them­selves by mit­i­gat­ing be­fore an event oc­curs rather than af­ter an event oc­curs,” Sun­corp In­sur­ance CEO An­thony Day said.

“We have a very large mar­ket­share up here in North Queens­land and it’s very im­por­tant to us and we’ll con­tinue to in­vest up here and pro­tect home­own­ers in North Queens­land.”

Sun­corp funded re­search at James Cook Univer­sity’s Cy­clone Test­ing Sta­tion to as­sess claims from Cy­clone Larry in 2005 and Cy­clone Yasi in 2011.

The re­search found that older homes were more prone to dam­age and that up­grades to roof struc­tures, par­tic­u­larly ty­ing down bat­tens, trusses and rafters to wall frames, could greatly re­duce dam­age.

Mr Day said Sun­corp had recog­nised newer homes were stronger and had re­duced their pre­mi­ums. He said newer home would still get dis­counts for mea­sures such as main­te­nance.

“Older homes will get big­ger dis­counts if they upgrade their roofs and the shut­ters on the win­dows and other items ... be­cause they need it and be­cause they are more risky,” Mr Day said.

Pic­ture: SHAE BE­PLATE

Brian, Jack, 16, Ce­leste, 29, and Tracy Thomas have taken ad­van­tage of Sun­corp In­sur­ance launch­ing its Cy­clone Re­silience Ben­e­fit.

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