Insurance companies dig deep to help flooded communities
Suncorp Group has pledged a $1 million support package to help communities in Queensland and NSW recover from the ongoing flood crisis.
The insurer will provide $500,000 of flood-related grants in local communities in partnership with the Foundation for Rural and Regional Renewal.
It will also match customer donations up to $300,000, collected online through Suncorp Group’s portfolio of brands, and provide $200,000 to help kick-start the Queensland Premier’s Flood Appeal and support long-term recovery efforts.
RACQ Foundation says it is helping grassroots community organisations get back on their feet after the floods, with new grants worth up to $100,000 now on offer.
The special funding round, announced as part of the Foundation’s Community Grants Program, will focus on supporting local groups such as sporting clubs, historical and show societies, men’s sheds and charities that have been impacted by recent flooding in south east Queensland.
IAG-owned NRMA Insurance has deployed its helicopter in partnership with the NSW State Emergency Service (SES) to help flood affected communities.
The helicopter is transporting NSW SES volunteer rescue teams and essential supplies to isolated communities and providing critical flood intelligence across affected areas.
Specialist underwriting agency Sportscover Australia is also offering up to 50 unconditional grants of $500 to assist eligible sports clubs, sports associations, gymnasiums and recreational facilities replace sports equipment lost as a result of the floods.
“We appreciate that applying for such assistance may not be a priority for the people who have been most affected by the floods,” Sportscover said.
“We are therefore extending the offer to them through their insurance broker, as the broking community will be very much aware of the nature of any loss their/our clients may have suffered.
“Sportscover is writing to all our broker partners individually with the necessary information and application process.”
Menwhile, MetLife Australia is supporting retail customers and their advisers affected by the floods with a three-month premium waiver.