CATASTROPHE

How will you deal with catastrophes?

A cyclone hits Perth. No big deal. The strata company Insurable Assets are insured. But what if your insurance doesn't cover the escalation in the costs, so the property sum insured does not reflect Replacement Value as required by STA? Natural disasters can cause considerable damage and when a insurance catastrophe hits, the demand for trades increases and costs for these services rise.

Catastrophe insurance

Your building may be underinsured in the event of a total loss. Catastrophe insurance protects you against the escalation of building costs that occur due to a catastrophic event.

Types of catastrophes covered are:

  • Storm

  • Cyclone

  • Flood

  • Fires

At Lync Insurance, we know the risks faced by strata companies. We help you bridge the gap between your property insurance and the risk of catastrophe.

Want to know more? Call us. We love to help.