Why is Suncorp Insurance offering premium reductions for cyclone mitigation?
Suncorp Insurance has been a strong supporter of preventing natural disasters through mitigation. We believe that Queensland is still dangerously exposed to a number of natural hazard risks that need to be why-is-suncorp-insurancetackled and north Queensland in particular is vulnerable to cyclone.
Our research with the Cyclone Testing Station at James Cook University indicates that having a strong resilient home can help reduce the extent of damage sustained during a cyclone and the likelihood of making a claim - and we want to reflect those features and mitigation steps in the premium a homeowner pays.
Our Cyclone Resilience Benefit forms part of our Protecting the North program, which aims to help improve resilience by mitigating, or reducing, the damage cyclones cause and help make insurance more accessible. Find out more about Protecting the North.