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Insurers Wrongly Cap Plumbing Defect Payouts at $50,000, Leaving Victorians with Millions in Losses
Victorian homeowners are facing millions of dollars in uncompensated losses due to insurers misinterpreting a 2002 law, wrongly capping payouts for plumbing defects at \$50,000 instead of providing legally mandated coverage. This has prompted calls for an inquiry and regulatory reform.
Insurers Wrongly Cap Plumbing Defect Payouts at $50,000, Leaving Victorians with Millions in Losses
Victorian homeowners are facing millions of dollars in uncompensated losses due to insurers misinterpreting a 2002 law, wrongly capping payouts for plumbing defects at \$50,000 instead of providing legally mandated coverage. This has prompted calls for an inquiry and regulatory reform.
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