Sure Insurance’s ‘Built for North Queensland’ program offers significant premium discounts to homeowners who have fortified their homes against cyclones, floods, and bushfires. The program aims to make insurance more affordable for residents in North and Far North Queensland by encouraging mitigation measures that reduce potential damage to properties. This initiative comes in response to the Australian Bureau of Meteorology’s forecast of an average to slightly above-average number of tropical cyclones for the 2021-2022 season.
Bradley Heath, the Managing Director of Sure Insurance, emphasized the importance of protecting homes and enhancing their resilience through structural improvements. The program rewards homeowners who undertake measures such as roof replacements, window enhancements, roller door bracing, and shed fortifications with discounts on their insurance premiums. These upgrades not only make homes safer but can also increase their overall value.
Under the ‘Built for North Queensland’ program, Sure Insurance assesses each property’s specific circumstances to determine premium rates. By considering factors like flood and cyclone protection measures, the company has been able to deliver average annual savings of over $1,900 per customer in Central, North, and Far North Queensland. This tailored approach ensures that homeowners receive fair pricing based on their individual risk profiles.
The program offers discounts for a range of resilience works, including roof replacements, window shutters, roller door bracing, and shed fortifications. These measures are designed to strengthen homes against cyclones, floods, and bushfires, helping residents mitigate risks and reduce potential damage. By investing in these upgrades, homeowners not only safeguard their properties but also benefit from lower insurance premiums.
In addition to premium discounts, the ‘Built for North Queensland’ program provides recovery benefits such as financial assistance for household mitigation improvements following major damage from cyclones, floods, or bushfires. It also offers up to 18 months of temporary accommodation to support homeowners during the recovery process. These benefits aim to provide practical support to policyholders in the event of a disaster.
As the region prepares for potential cyclone and storm events, Sure Insurance encourages residents to take proactive steps to protect their homes and families. By participating in the ‘Built for North Queensland’ program and implementing resilience measures, homeowners can not only reduce their insurance premiums but also strengthen the structural integrity of their properties. This proactive approach to risk management is essential in a region prone to natural disasters.
Overall, Sure Insurance’s initiative underscores the importance of building resilience in the face of environmental risks. By incentivizing homeowners to fortify their properties against cyclones, floods, and bushfires, the program not only promotes disaster preparedness but also fosters a culture of risk mitigation in the community. As climate change continues to impact the frequency and intensity of extreme weather events, such proactive measures play a crucial role in enhancing the safety and security of homes in vulnerable regions.
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