NQ residents benefit two-fold from cyclone-proofing homes
North Queensland residents who took steps to proactively cyclone-proof their homes have saved more than $340,000 in home insurance costs, while simultaneously making their homes and families safer.
RACQ spokesperson Kirsty Clinton said it had been two years since RACQ introduced home insurance premium discounts for North Queensland residents who performed structure upgrades and other cyclone resilience measures, and approximately 700 members were reaping the rewards.
“North Queensland residents need to be recognised for strengthening their homes against cyclones,” Ms Clinton said.
“The affordability of insurance has been a major community concern and we’re pleased we’ve been able to help make premiums more affordable for people in the region.
“Since introducing this discount, members who took action to reduce their cyclone risk have saved on average $421 – or 15 percent – off their annual building and contents insurance bill.
“One resident even managed to shave more than $1500 off their premium.”
A Senate Inquiry into the general insurance industry recently found mitigation was the best way to reduce high insurance premiums in the north.
“Flood and cyclone mitigation and prevention methods are the best, most cost-effective, long-term solutions to high insurance premiums in North Queensland,” Ms Clinton said.
“In the long run, money spent on prevention will be far less than the costs to repair the potential damage of severe cyclones, especially if regions are hit repeatedly.”
Discounts of five to 20 percent could be achieved where cyclone resilience works have been performed on the home including*:
- Opening protection – such as roller door bracing and window shutters.
- Roof strapping – including tying down roof battens to trusses and rafters, timber roof battens to rafters and roof trusses to wall frames.
- Over-batten systems – steel plates fitted over the roofing material and held down to the foundations, outside the main walls, by tie rods and turnbuckles.
- Complete roof replacement – old roof replaced with new roof.
- Complete retrofit to current building code – where major structural changes to a home built before 1985 are completed resulting in the home now meeting the most recent building code.
Ms Clinton encouraged North Queensland householders who have had cyclone resilience work undertaken or who are considering such work to contact RACQ to discuss how they might achieve discounts on their home building and contents insurance.
*Terms and conditions apply.