Australian renters have won a major victory that can save tens of thousands of dollars at “unjustice” costs.
Australian tenants should not receive insurance for accidental rental property damage after a significant increase in consumer rights.
The companies behind popular insurance brands such as AAMI, GIO and NRMA have agreed not to send invoices directly to tenants when landlord insurance claims are made after an accident at a rental property.
The announcement follows the success of a campaign by consumer advocacy group CHOICE and community legal service WEstjustice, to those who rent insurance companies earlier this year with little or no evidence of borrowing money. I found that I was requesting payment.
ABC News Survey Revealed in September A couple in a region of Victoria was invoiced for $ 78,000 last year after an accidental fire broke out on a rental property.
GIO, owned by the couple’s insurance company Suncorp, withdrew the claim for payment after the article was published.
Currently, CHOICE states that IAG, QBE, and Suncorp have joined many companies that are already doing fair things.
“The landlord’s insurance company only deals directly with the lessor’s content insurance company for accidental damages claims and tracks the lessor directly for intentional damages rather than asking the lessor himself. That’s the minimum standard, “the group said in a statement.
Erin Turner, the campaign’s CHOICE director, said some brands “did the right thing from the beginning” and asked the lessor if they had insurance, rather than invoiced.
This includes Commonwealth Bank, Auto & General, Youi, and Hollard.
Turner said he is watching carefully to ensure that the company remains true to its promises.
“We know that industry practices change over time,” she said.
“CHOICE will closely monitor this issue and ensure that all insurers meet the minimum standards committed as of November 2021.”
Matthew Martin, Head of Legal Affairs at WEstjustice, said it was a big win for renters across Australia, many of whom are already facing rising living costs.
“This will move us towards an industry-wide best practice of treating the lessor as a third-party beneficiary under the landlord’s insurance policy, unless there is intentional damage as in New Zealand or the United Kingdom. Will lay the foundation for this, “says Martin.
“We want to have this protection for legislated lessees in time.”
The Australian Insurance Council was contacted for comments on the development.
Initially published as follows Insurance companies promise to stop chasing lessees at post-campaign “accidental damage” costs
The insurance company promises to stop tracking the lessee for “accidental damage” costs after the CHOICE and WEstjustice campaigns.
Source link The insurance company promises to stop tracking the lessee for “accidental damage” costs after the CHOICE and WEstjustice campaigns.