30 November 2015

Insurance losses from the South Australian bushfires reach $75 million

Insurance industry assessors have started work in bushfire-affected areas of South Australia’s Mid North region.

As of 9.30am local time today, the number of claims from the Insurance Council of Australia-declared catastrophe north of Adelaide had reached 525.

Total insured losses have hit $75 million, and are expected to rise significantly in coming days as assessors continue investigating claims from policyholders.

The Insurance Council of Australia (ICA) retains a presence at local evacuation centres, while the ICA’s 24 hour disaster hotline – 1800 734 621 – remains in operation.

The ICA continues to urge affected policyholders to get their claims in as soon as possible so insurers can begin to promptly assess their losses.

More information about recovering in the aftermath of a bushfire can be found at http://understandinsurance.com.au/types-of-disasters/bushfires

-ENDS-


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