Recently, my two-year-old laptop was stolen from my home. Fortunately, I had backed up the hard drive off-site a few days before, so the loss was not total. However, while the drive itself would be covered by my home and contents insurance, the data is not. Thus any iTunes files,..read more
THE Insurance Council of Australia has moved to clarify the definition of "inland flood" in home and contents insurance policies but critics have warned this may result in less coverage.
The NSW Treasurer, Michael Egan, has hinted at cuts to insurance taxes as he confirmed the state would benefit from a multi-million-dollar tax windfall from soaring premiums.