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Thousands of Australians with side businesses or hobbies may unknowingly take out home and contents insurance which essentially leaves them unprotected. Key points: An ABC investigation earlier this month revealed insurance holders with an ABN registered in their homes may not have coverage A couple in the Victorian area canceled their home insurance policy because they had a food truck in their yard The Australian Financial Complaints Authority says people should file a complaint with the ombudsman if they are unable to resolve the issue with their insurance company Several people have filed for immediate cancellation of their policies following an ABC investigation into failed insurance claims at the Heywood farm. Griffyn Branagh last week called his insurance company AAMI, which is owned by Suncorp, to check if his mobile bike repair business was affecting his content insurance for his rental home in Torquay. Before the pandemic hit, Branagh would travel to people’s homes to fix bik

Ally Malpass thinks travel insurance is too expensive for a trip to Tasmania, but a flight cancellation leaves her stranded in Hobart. Photo: Oscar Colman Flight cancellations, lost baggage, COVID-19, and a host of other travel disruptions are causing travel insurance claims to skyrocket, sending insurance premiums and costs overboard. Australian travelers on the older and younger ends of the spectrum bear the brunt of this financial constraint. Older Australians are now finding it difficult – or very expensive – to buy insurance, with already high premiums boosted. And although preliminary data revealed younger Australians showed greater intention to buy travel insurance than before, factors such as rising inflation and more expensive policies proved to be a major deterrent. For Vanessa Fielden, 55, who divides her time between Melbourne and Bali, finding insurance that includes unlimited medical and repatriation coverage is non-negotiable. “My policy includes being flown