Redicova
PO Box 1197, Tully QLD 4864
Redicova - Cyclone Risk Insurance, is a parametric product triggered when the BoM records a severe tropical cyclone at the insured location.
Redicova will pays a pre-agreed sum insured within three (3) business days of receiving the policy holders electronic claim attestation – no questions asked.
Redicova insure Northern Australian locations between Bundaberg (QLD) 4670 around to Carnarvon (WA) 6701 including the Northern Territory and within 300km of the Australian coastline.
Key benefits:
- Redicova covers economic or financial loss, including material damage.
- Agreed Values available from $1,000 to $2,000,000 plus.
- Redicova is autonomous (not tied to other insurance).
- Settlement is not subject to material damage.
- Underinsurance does not apply.
- No excess applies.
- Redicova is an approved general insurance product (not a derivative).
Key uses:
Redicova is a financial band aid for those exposed to severe tropical cyclone, examples include:
- Agriculture - uninsured crops or livestock.
- Excess buy down tool – strata, farmers, builders, SME or individuals can use as a named cyclone excess buy back tool.
- Uninsured risks – anything really as long as we can geocode it.
- Income protection – contractors, professionals, farmers, business owners, staff or anyone whose livelihood may be impacted in the wake of a severe tropical cyclone.
General Information:
Please see our website or Facebook/Redicova for ideas on how Redicova can help your clients. All policy documents can be found on the website under the resources tab.
Contact
Name: Karen Hardy
Title: Managing Director
Phone: 1300 733 426
Email: karen@redicova.com.au