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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

Demand for some sectors of the used vehicle market has “fallen off a cliff”, according to a leading assessor, while demand for needs-based vehicles from “bubble hatches” to workhorse LandCruiser Toyota remains hot. Key points: A vehicle auctioneer says practicality, not status, now drives buying decisions The golden age of ag contributed to a huge demand for farm equipment and tools, along with an instant asset write-off of $150,000 LandCruiser in particular demands more used than new The COVID-19 production and delivery delays have created unprecedented demand in the used vehicle market. But auctioneer and appraiser Simon Cotter said with rising interest rates there is now a duality in the vehicle market, with demand for luxury vehicles falling while workhorse and budget options continue to sell at or even above retail prices. Our sale last week was the first sale since the COVID outbreak where, with certain products, the lack of interest was very noticeable on the auction floor, he s