From February 2012, CGU’s home, contents and landlords policies will automatically include cover for flood on renewal, ensuring its customers are fully covered in the event of storm or flood water damage to their home. This will also speed up the claims process by removing the need for complex assessments.
“Our customers and intermediaries have told us that automatically including flood cover in our policies will remove ambiguity when a property is damaged by storm or flood water and give them increased
certainty and peace of mind,” said Peter Harmer, CEO, CGU Insurance. CGU has been able to introduce flood cover due to recently improved access to flood mapping data from local councils and state governments and a commitment from Federal Government to developing a central, consistent source of flood mapping data.
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