[GSBN] Home insurance in general.
sabale at bigpond.com
Sun Sep 20 18:21:07 CDT 2015
I have been having brief discussions with our Insurance industry association here in Australia.
Some , suspect activities by brokers is emerging.
Namely listing the build as “ brick veneer” in construction , mainly to sell the policy and / or give a good price for the policy.
later home owner inquiries about cover under such a policy
Fortunately just “ to make sure their strawbale home was covered” rather than for a claim,
has seen the insurance company’s response as been “ you house is not listed as that, there fore it is not covered”.
With some of our insurers “ equating “ strawbale construction” as a replacement cost equivalent to “ mud brick or Adobe”
Our insurers look at Replacement cost ( contractor built) for the value of the build,
Insuring for construction cost will leave the insured short , unless they are still young and fit and wish to self build again.
Other considerations I feel insurance companies should look at to ascertain a reduced risk for insurance underwriters are,
Bales elevated off of floor level, , protects bales in times of internal flooding , as does floor waste drains,
dishwasher and washing machine hose burst is a definable percentage of insurance pay out claims.
Along with design for climate,,, rain screen in some locations ,
Documented render thickness , these things should make that build more desirable to insure.
Any how in brief,
Our insurance policies here may be grouped under a “ building material “ other than strawbale,
it is important that the policy wording is for “Strawbale Construction”
Regard Lance Kairl
House of Bales.
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