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Journeys : Feb March 2011
February / March 2011 43 When you’re old enough to sit back and relax, you’ve got every right to expect life to become a bit easier. RACT Insurance understands that when you retire, you deserve a reward for all those years of experience, which is why they developed Silver Savers. Silver Savers is a specially designed insurance product that acknowledges that most over 50s enjoy a more relaxed lifestyle. It’s a way of rewarding those Tasmanians who don’t claim as much. And the rewards are quite substantial. For instance, you can save 15 percent off your car insurance,20 percent off your contents and 20 percent off your home insurance. The rewards become even greater when you combine your Silver Saver policies into a Personal Insurance Portfolio. You receive a further discount along with the convenience of one renewal date. As if that wasn’t incentive enough, get a quote on a Silver Savers policy between now and February 28 and you’ll go into the draw to win a $2,500 shopping spree. If you want to find out how RACT Insurance’s Silver Saver policies can reward your retired Tasmanian lifestyle, you’ll find all the details at www.ract.com.au The recent flood experiences in Queensland have been a stark reminder that flood and its destructive forces are a persistent risk in Australia. Flood traditionally accounts for one third of the natural hazard damage experienced by the Australian community, and Tasmania is not immune to damage caused and risks posed by water inundation. The term ‘flood’ can cover a range of water inundation scenarios, including stormwater or rainfall run-off, flash flooding, riverine and inland flooding, along with flooding that occurs due to actions of the sea, sea level rise and storm surge. The most common residential flood risk experienced within Tasmania relates to flash flooding, which usually occurs following high intensity, short-duration storms. All consumers with home and contents insurance should review the terms and conditions of their insurance cover by reading their Policy Disclosure Statement (PDS). For instance, RACT Insurance provides flood cover as standard inclusion on its policy. However some policies may apply restrictions on policy cover and list exclusions that detail the circumstances under which cover is not applicable for particular types of water inundation events. The critical message here is not to assume that you are covered, read your policy carefully, and if unsure discuss the extent of your cover with your insurer. Another handy tip is to always be prepared for the storm events that can lead to flash flooding. The following are some simple steps you can take to help manage the potential risk: • Keep your roof well maintained. • Check that the rest of your home’s structure is in good condition. • Clear out gutters and drainage channels. • Keep your yard clear of any potential projectiles such as outdoor furniture, building materials or children’s play equipment. • Close and lock all windows and doors. • Ensure tree branches are trimmed well clear of your house. • Ensure your family or dependants understand all procedures. • Prepare an Emergency Kit (and keep it somewhere handy in the home) including: – Portable radio and torch with fresh batteries. – Candles and waterproof matches. – Reasonable stocks of fresh water, canned food, can opener and self contained cooking gear. – First Aid Kit and essential medications. – Emergency contact numbers for local council, SES, Police, Fire and Ambulance. You should familiarise yourself with emergency management plans issued by local councils or State Emergency Services that will help protect both yourself and, to some extent, your property. You can also familiarise yourself with flood preparation guidance offered by Emergency Management Australia www.ema.gov.au Ultimately, your assets can be at risk from flooding events and you should take the time to consider a policy that covers flood damage. Do you have flood protection? Tasmanian retirees finally get what they deserve.
Apr May 2011