Insurance

So you’re personalising your ride with eye-catching number plates and have the perfect customised set picked out. The only problem? You’re not sure how this foray into individuality will affect your car insurance.

After the utter mayhem that ensued when borders closed and travellers scrambled to get refunds on flights, research shows that 60% of Aussies have become disenchanted with travel insurance*.

While the NSW and Queensland floods are now at bay, many residents are still feeling the flow-on effects of the disaster. The NSW SES alone responded to over 12,000 requests for help and conducted more than 1,000 direct flood rescues.

PM Scott Morrison announced this week on Cairns 4CA radio station that the federal government will be introducing a $10 billion reinsurance pool for northern Australia. The reinsurance pool will come into place in July 2022 and the Insurance Council of Australia has expressed its support for the scheme. 

Considering buying a dog, cat or pony for Christmas? Paws a moment. Yes, we know the idea of a new fur baby may be hard to resist, but you need to be ready for the commitment you are making. And that’s not only in terms of time and love, but financially as well. In fact, a recent Mozo mystery shop of some of Australia’s most popular pets indicated that on average prices for fuzzy friends increased by 78% over three years. Meanwhile, the cost and set up of a pet (including expenses like bedding, vaccination and food) increased by 59% on average from 2017 to 2020. With a crowd-favourite breed, the Cavoodle, bumping up by a whopping 344%. Ultimately, this means some pets could end up costing you thousands of dollars, and that’s just in the first year of ownership.