08 February 2013

QBE's act of bastardry to 2011 flood victims overruled by Financial Ombudsman


The Financial Ombudsman Service has ruled that QBE's definition of flood, which excluded water deliberately released from a dam onto land that is not normally covered by water, does not apply to a pontoon, because the released water flowed where it was normally covered by water.  

It followed that loss or damage to a pontoon was NOT excluded by QBE's definition.  


COMMENT: QBE should get rid of their buffoons who can't even correctly interpret QBE's own insurance policies.