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IAG welcomes government-funded clean-up
We welcome the recent announcements from the Commonwealth, NSW, Victorian and South Australian state governments to fund the clean-up costs for properties affected by the recent bushfires.
Clean-ups are the first part of the rebuild process and help ensure the safety of residents and communities by removing potentially dangerous debris and burnt-out trees which could fall, as well as hazardous materials like asbestos.
Depending on the customers policy type, the cost to remove the debris from totally destroyed properties is normally deducted from their total sum-insured (the total amount they are insured for). In cases like the recent bushfires, where there is significant damage to a home or a home is destroyed completely, clean-up costs can go into the tens of thousands of dollars.
Having a government funded clean-up means there is no reduction in the amount (their sum-insured) customers have available to rebuild their home, which means this money can go back into rebuilding people’s homes.
We are continuing to work with our customers to help them recover and rebuild after these horrific bushfires.
To find out more about how we’re is responding, visit our bushfire response hub.