Read your policy: Sinkhole prompts insurance warning

A large sink hole has swallowed a large chunk of the camping area on Inskip Point, taking with it a caravan, camper trailer and one vehicle.
A large sink hole has swallowed a large chunk of the camping area on Inskip Point, taking with it a caravan, camper trailer and one vehicle. Che Chapman

THE new Inskip Point sinkhole, including consequent loss of property, highlighted the need for people to be aware of their insurance policy provisions, a Gympie insurance adviser has warned.

Elders Insurance adviser Ashley Petersen urged people to compare the provisions of policies, but said this could be difficult in an increasingly complex and diverse insurance market.

"People often compare only on price, but the things they compare could be apples and pears."

Mr Petersen said he had wondered at the insurance position of sinkhole victims, particularly the couple who lost their vehicle, caravan and belongings.

"People with policies from us would be covered for their vehicles, vans and trailers. Their contents and gear would be covered also if under their home and contents with away from home cover," he said

But this might not always be the case.

RELATED: Inskip 'sinkhole' was actually a landslide, experts say

"People need to think about the cover they are purchasing and not just the price.

"You need to check with your insurer if flood is covered as there have been changes in the insurance industry recently with regards to the definition of a flood

"There are some things insurance policies have in common but there are also areas where all policies are a little bit different.

"But other policies cover a vehicle, even in difficult off-road conditions, as long as it is being used within the specifications for that vehicle."

Meanwhile Inskip Point camping advocate Reg Lawler has rejected calls to permanently close campsites in response to the weekend sinkhole event.

"The idea of cavities under the ground is ridiculous, as the whole area is wet sand. They are really localised temporary erosion features,'' he said.

"And so is the idea that camping is too dangerous.

"You can get bitten by a wild goanna when you're camping. Lots of things can happen.

"The question of sinkholes came up in the Rainbow Shores trial where I listened through 40 days of evidence including experts on geomorphology and geology of the area."

Topics:  insurance money sinkhole

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