The fast road to recovery

Severe weather incidents have wreaked havoc across Australia already this year. Hail the size of golf balls, tropical cyclones and storm water have caused significant damage to those in affected areas. It provides a timely reminder of how adverse events can affect anyone and the need for the right support to recover.

While you may view all insurance covers as one-and-the-same, each insurance policy provides different levels of cover and every insurer has different levels of service to support you in the event of damage.

One key insurance consideration when recovering from damage is how long will it take for your claim to be resolved. Waiting a claim to be accepted can be stressful, not to mention costly. For business owners, damages to your premises can create cash flow concerns and the quicker your insurer responds the better.

An example of how Guild Insurance acts fast to help clients recover was in the Newcastle storms in 2008. More than 350 claims were lodged by Guild clients suffering damage from the storms and over 80% of those who reported a claim in the first two days after the storms were visited by an assessor within the first week.

Critical claims were also prioritised and Guild clients who experienced ‘large’ or ‘total’ losses were visited within two days by an assessor. While emergency payments were made within 24 hours of a claim being lodged to help those worst affected to cover any expenses requiring immediate attention.

If you are hit by an unfortunate event, you want to know that you have the support behind you to take the fast road to recovery.

For more information on insuring your optometry practice contact Guild Insurance on 1800 810 213