New research from a coalition of advocacy groups has found the home and contents insurance market is failing to protect people against extreme weather events, with customers struggling to access and afford the insurance they need. The report, commissioned by CHOICE, Climate Council, Financial Counselling Australia, Financial Rights Legal Centre, and the Tenants’ Union of NSW, is based on a nationwide survey of home insurance policyholders, in depth interviews with people affected by extreme weather events, and interviews with key civil society groups.
In this podcast, Rebekah Wong, solicitor from the Financial Rights Legal Centre, talks with Legal Aid NSW about the free services offered by our financial counsellors and solicitors. Listen to the podcast.
In this podcast, Jane Wilburn, senior solicitor from the Financial Rights Legal Centre, talks with Legal Aid NSW about your rights with respect to dealing with Debt Collection Agencies. What you should know and how we can help. Listen to the podcast.
This year the Financial Rights team was focused on our goal: to provide advice and advocacy for people in financial stress. Our strategy to focus on quality rather than quantity paid off again this year. We had less staff and provided less services overall, but achieved a record amount in monetary outcomes for clients of over five millions dollars. Of course it is not always the monetary value that is attached to the outcome that is the most important. Our clients report life-changing impacts like finally sleeping at night, improvements in their health and relationships, keeping a roof over their head, being able to save for the future, being able to care for their children more effectively, or having the mental space to look for work or engage in education. For some the assistance is life-saving.
Our previous report Open Insurance: The Consumer Data Right in Insurance identified some privacy issues that could potentially arise from the application of the Consumer Data Right to insurance. This report takes a closer look at these issues and sets out to identify current privacy practices of general insurers and the risks that are arise now – in order to set a benchmark upon which to examine any potential future concerns once consumer data became more easily available and portable. The result of this examination is the fourth and final report in our series looking at the future of insurance: Privacy Practices in General Insurance.
Australians who face devastating property losses following natural disasters such as floods, storms and bushfires confront further hardship when trying to claim on their insurance because of confusing terms and conditions and fine print limitations in their policies.
This report, Standardising General Insurance Definitions commissioned by Financial Rights Legal Centre calls upon the Australian Government to simplify and standardise key insurance definitions used in home building and contents insurance and regulate the fine print used to exclude and qualify terms.
It examines the Product Disclosure Statements of the home insurance policies of 34 insurers in Australia. It also reports on a series of focus groups conducted to explore consumers’ understandings of these terms, and related concerns.
Financial Rights acknowledges Aboriginal and Torres Strait Islander peoples as the traditional owners and celebrate the diversity of Aboriginal peoples and their ongoing cultures and connections to all lands and waters. Financial Rights acknowledges the Gadigal people of the Eora Nation as the traditional owners and custodians of the land on which our main office is located. We pay our respects to Elders past and present and future traditional custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Aboriginal and Torres Strait Islander peoples should be aware this website may contain images or names of people who have passed away.