9,000+ claims lodged in QLD & NSW from ex-Tropical Cyclone Alfred: ICA

A new update from the Insurance Council of Australia (ICA) has revealed that policyholders have lodged over 9,000 insurance claims related to ex-Tropical Cyclone Alfred in southeast Queensland and New South Wales.

The ICA recently declared an Insurance Catastrophe for the affected regions in southeast Queensland and northern New South Wales, following the impacts of the cyclone.

According to the Council, the effects of ex-Tropical Cyclone Alfred have been most significant in the Gold Coast, Brisbane, Hervey Bay, and the Northern Rivers. However, the declaration covers all claims related to the event from Friday, February 28.

Of the 9,226 claims lodged, 8,566 are for home policies, 526 for motor policies, and 132 for commercial policies.

“It is too early to estimate the cost of the damage, however, based on previous similar events, insurers expect many more thousands of claims to be made in coming days and weeks,” the ICA explained.

Andrew Hall, CEO of the Insurance Council of Australia, commented, “This remains an active event and it will take some time to gain a clearer picture of the damage.

“Insurers expect a large number of claims will be lodged in coming days as property owners begin returning to homes and businesses.

“We encourage policy holders to contact their insurer as soon as practically possible even if they have not been able to return to their home.”

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