As an insurance policyholder, you expect your insurer to provide you with timely and efficient service. However, sometimes disputes may arise between you and your insurer regarding the coverage or settlement of a claim. This is where the Insurance Ombudsman Victoria comes in. The Ombudsman is an independent and impartial body that helps resolve disputes…
When a loved one passes away, one of the many questions that may arise is what happens to their money in the bank. This can be a sensitive topic to discuss, but it’s important to understand the process to ensure that the deceased’s assets are properly distributed and any outstanding debts are paid off. As…
Are you considering purchasing a life insurance policy to secure the financial future of your loved ones? It’s important to understand how the payout from a life insurance policy is taxed by the Australian Taxation Office (ATO). While the payout is generally tax-free, there are certain situations where it may be subject to tax. In…
As a responsible consumer, it is important to understand the terms and conditions of any insurance policy you purchase. This is where the cooling off period insurance comes into play. A cooling off period is a set amount of time during which a policyholder can cancel their insurance policy and receive a refund of any…
Motor accidents can be a traumatic and stressful experience for everyone involved. It’s important to have the right insurance coverage in place to protect yourself financially in case of an accident. However, understanding the regulations surrounding motor accident insurance can be confusing and overwhelming. In this article, we break down the key regulations you need…
Understanding the ins and outs of insurance can be overwhelming, especially when it comes to the fine print. One of the most commonly asked questions is whether insurance excess attracts GST. In this article, we will delve into the topic and provide a clear and concise answer to help you navigate the world of insurance…
Car insurance fraud is a serious issue that affects both insurance companies and their customers. In Australia, insurance fraud is a criminal offense that can result in severe penalties. It is important for both insurers and policyholders to be aware of the various types of car insurance fraud and the consequences of being caught engaging…
Are you one of the thousands of Australians who were sold Consumer Credit Insurance (CCI) by the Commonwealth Bank of Australia (CBA)? If so, you may be interested in the latest news regarding the CBA Consumer Credit Insurance Class Action. This legal action, brought on behalf of affected customers, alleges that the CBA engaged in…
Have you ever had a dispute with your insurance company that you couldn’t resolve? If so, the insurance industry ombudsman may be able to help. This independent organization provides a free and impartial service to policyholders who have exhausted their insurance company’s complaints process. In this article, we’ll explore what the insurance industry ombudsman does…
As an insurance consumer, you may have wondered who is responsible for regulating the insurance industry and ensuring that insurance companies adhere to ethical practices. The answer lies in the state insurance regulatory authority. This authority is responsible for overseeing insurance operations in each state, from licensing of insurance companies to handling consumer complaints. Understanding…
As an insurance expert, one of the most common questions I receive is whether death pays off all debts. It’s a topic that many people are curious about but often don’t know where to turn for answers. In this article, we will explore the answer to this question and provide clear, accessible explanations. We understand…
Insurance has been a vital aspect of our lives for centuries, providing security and protection against unforeseen events. However, some individuals have raised concerns about the legitimacy of the insurance industry. They argue that insurance is just a ponzi scheme, designed to benefit the insurers and not the policyholders. In this article, we will explore…
Many people wonder whether insurance payouts are taxable, especially during difficult times when an unexpected event occurs. It’s important to understand how insurance payouts work and whether or not they are subject to taxes. In this article, we will explore whether insurance payouts are taxable and provide you with a better understanding of how insurance…
When life throws unexpected challenges at us, it can be difficult to cope with the emotional and financial burden that comes with them. That’s why trauma insurance can be a valuable investment for those who want to protect themselves and their loved ones from the financial impact of a sudden illness or injury. However, when…
Have you ever heard of Insurance Fraud Bureau of Australia (IFBA)? If not, it’s time to get familiar with this organization that plays a crucial role in detecting and preventing insurance fraud. Insurance fraud is a serious problem that affects both insurance companies and policyholders. In this article, we’ll dive into the IFBA and its…
GST or Goods and Services Tax is a crucial component of the Indian taxation system. It has brought about significant changes in various sectors, including the insurance industry. With the introduction of GST, the way insurance policies are taxed and their premiums are calculated has undergone substantial modifications. In this article, we will explore how…
As an insurance policyholder, it’s essential to understand the terms and conditions of your contract. However, some insurance providers may include unfair contract terms, which can put you at a disadvantage. These terms are often hidden in the fine print, making it difficult for policyholders to understand their rights and obligations. In this article, we’ll…
As an insurance policyholder, it is important to have access to a trusted and experienced legal team in case of any disputes or claims that may arise. This is where insurance law firms come in, providing expert advice and representation to policyholders in a range of insurance-related matters. In Sydney, there are several law firms…
