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Cash settlements on home insurance claims leaving vulnerable Australians short-changed, Asic says
Corporate regulator finds insurers settling most claims with cash rather than by managing repairs or rebuilding, warning of ‘unfair outcomes’ for homeowners
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abc.net.au
Watchdog warns insurers are offering insufficient cash settlements
The corporate watchdog warns that insurers are offering cash settlements for home insurance claims that do not cover the full cost of work needed.
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smh.com.au
Home owners short-changed by insurer cash payouts: ASIC
The financial watchdog warns cash settlements are sometimes so low they won’t fund the repairs customers need.
