We hope you and your families are safe and well following the recent weather event. Please be advised that our Ballina office has reopened, however, we expect our Lismore office will remain closed for a number of weeks.
We understand that many of our clients, their families, and friends will have been impacted by the recent flooding and may be experiencing financial hardship. We have outlined below some key areas where financial relief may be available:
Personal Insurance Premium Relief:
For those clients with personal risk insurance policies in place, insurers have been communicating their relief packages which, depending on circumstances, may include premium waivers for between 1 – 2 months. If your home or business has been financially impacted by the floods, please contact us so we can assist you to access the support available.
Note: the waiver is available for premiums paid personally, not those paid from super funds.
Government Flood Relief Grants:
As you may be aware, the Federal and NSW Governments and offering various disaster recovery grants and loans for individuals and small businesses. For information on eligibility go to Australian Government Disaster Recovery Payment or Natural disaster declarations (NSW Government) benefits.
Loan Repayment Relief:
For those clients with loans in place, lenders have begun communicating their relief packages; including the ability to suspend loan repayments for a period of time. Please contact your lender directly and make inquiries with their financial hardship teams or contact our mortgage broking team if you require further assistance.
If there is anything the Korff Wealth team can do to assist during this difficult time, please let us know – contact us