Building insurance and the scope of works process - What is it and why is it necessary?

When major damage occurs to a building and an insurance claim is lodged, one of the most important steps (usually necessary) is the development of a Scope of Works (SoW). This can also be one of the most challenging steps for policyholders and their insurers to navigate quickly, before commencing repair

Why are insurance premiums higher in the north of Australia?

It is twice as expensive to insure in parts of Australia’s north, compared to the south. Insurers have never shied away from this fact, or the factors that cause it. Discussions usually focus only on the risks but that’s only part of the story.