An insurer has ceased covering what it calls cosmetic storm damage to roofs, citing the impact of new “disaster chasers” causing a spike in claims.
The move from RACQ appears to be unique in Australia’s industry and has raised concerns that some valid damage could be left without cover.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
