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Originally Posted by Big Trev
I really don't know whay I am bothering to answer you because my opinion of you isn't very high, but anyway. . . . . . .
I dispute their interpretation of the wording, I think they are being pedantic currently because finacially they are under the pump.
Also, I know for a fact that they have paid a claim under the exact same citcumstances as mine for a person I know who lives in the same town as I live in, BUT it was 2 years ago, well before all the natural disaters that are going on.
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Your wrong about one thing, they are not under the pump financially. Natural disaters happen every year.
The money that AAMI has comes from suncorp, and any event that has happened such as flooding, bush fires etc, they have reinsurance for. So any company that comes under the suncorp group which is about half the insurance industry, all the costs of the big event gets added up together, and once the cost hits a certain level the reinsurance will cover will kick in. Also insurance company's plan for disasters and out certain amounts of money away for big events.
Now for the wording of AAMI's policy.
You are not covered under any section of
the policy for damage, loss, cost or liability caused
by or arising from or involving:
- erosion or washing away of soil, earth or gravel,
- soil movement or settlement,
(this can be found on page 14 of the PDS)
Even in your own topic you said this.
After the plaster fell we got an engineer in to work out what was going on, he investigated the problem and found that when our next door neighbour built their house with A V Jennings about 12 months after ours the plumbers dug a 700 mm deep trench along side our garage footings to put in a gas main. Over time the disturbed ground has dried at a different rate to the ground around it and subsequently this has under-mined our garage footings. A written engineers report supported this.
You yourself even said it was due to settlement, how has AAMI interperated the wording any different, it is very basic wording.