Tag Archive: flood insurance

Luxury River-Front Property For Sale – Flooded Only Once (Or Twice)

Posted on January 31, 2012 by | 7 Comments
OPINION by Tim O’Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au What do you do when a property you have contracted to sell is damaged (by flood, fire or whatever) before settlement?  What do you do if you are the buyer of that property?  These critical questions arose for more than a few sellers and buyers across Queensland during the State’s extensive flooding of December 2010 and January 2011. A year later, with Queenslanders currently remembering...

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Forget the Insurers, Let’s Blame the Banks

Posted on February 15, 2011 by | 7 Comments
OPINIONby Tim O’Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au   The blame for many uninsured property and financial losses resulting from floods and from Cyclone Yasi can be sheeted home to banks, building societies, credit unions  and other lenders. Never mind the much-vilified insurance companies whose doubly-devastated policy-holders have found themselves not covered for flood or storm surge damage.  While more than a few insurers may have failed to demonstrate any “utmost good faith” towards their policy-holders,...

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