We know making decisions in the middle of something as catastrophic as a natural disaster can be difficult. And, unfortunately, investment properties are not immune from impact when Mother Nature strikes.
Knowing how to respond in times of disaster makes the claims process easier and helps to minimise financial and emotional stress. That is where we come in! We are here to help – if your property, or one you manage, is damaged due to a natural disaster, check out the below tips designed to guide you through an insurance claim…
1. Do a safety walkthrough and take steps to prevent further loss or damage
Once your council or emergency services say it’s safe, you can return to the property and take reasonable steps to prevent further loss or damage. This could include boarding windows or laying a tarp on the roof. It is also a good idea to arrange all emergency repairs necessary to minimise loss – you don’t need to get our authority first but do keep the original tax invoices for the claim.
2. If you need us, we are here
EBM RentCover’s Expert Care team is on standby during natural disasters and can help answer any questions you may have about your insurance. Contact 1800 661 662 as soon as possible and we can advise next steps in the claims process.
3. Grab a notebook + camera and capture the damage
To submit a successful insurance claim you need to establish and show a loss has occurred. You can do this by:
a.) Snapping photos (lots of photos) or video of the damage before the clean-up to submit to your insurer.
b.) Making an inventory of damaged items with a detailed description, such as brand, model and serial number.
If you need to dispose of an item because it poses a health risk, such as saturated carpet, keep samples of the damaged material.
4. Seek quotes for repairs
Generally, we require two quotes to be provided for repairs, but we understand this may be difficult during catastrophic events. So, we require just one in the first instance (if we need a second quote to quantify the claim, we’ll let you know).
5. Get a report from the repairer
A report from the repairer (also known as a causation report) helps insurers to quickly identify the cause of damage and make a quick and fully informed decision when it comes to processing a claim. The report typically outlines the cause and impact of damage and loss. For example, if the cause of damage is storm/rainwater or hail, the repairer will describe how and why the rain or hail entered the property.
6. Don’t throw out your receipts
It is important to keep hold of receipts for any work you do or materials you purchase as you may be able to claim those expenses. NOTE: our insurance policies do not cover repair work undertaken by tenants.
7. Got everything you need? Submit a claim…
At EBM RentCover we offer more than landlord insurance – we offer support and guidance in times of need. While we hope you never run into trouble, we’re here to help if you do. Need to make a claim? Call our claims team on 1800 661 662. Or, in the second instance, visit our online claims portal.
*While we have taken care to ensure the information above is true and correct at the time of publication, changes in circumstances and legislation after the displayed date may impact the accuracy of this article. If you need us we are here, contact 1800 661 662 if you have any questions.