Removalist & storage insurance
Financial Services Reform Act
New Transit and Storage Insurance Regulations
As of the 11th March 2004, significant change and reform was introduced to the way Furniture Removers can arrange transit and storage insurance for their customers. These changes are due to the implementation of the Financial Services Reform Act and as such are now law.
As of the 11th March 2004 it is illegal for any removalist to offer to arrange insurance, sell insurance or in any way provide insurance, without holding an Insurance License or being an Authorized Representative of a licenced Insurer. This Act has been invoked for the protection of consumers.
As an authorised representative of Aldridge and Street, (AFSL 245658) a licensed insurance broker, Cleave Removals can arrange both Transit and/or Storage Insurance for your removal.
We will provide you with our Product Disclosure Statement and Financial Services Guide prior to arranging any insurance you may require for your relocation or storage and issue an Insurance Certificate before commencement of the relocation.
It is for your protection that you ask any Removal Company that may be pre-paring a quotation, that includes insurance, for you, to provide you with a copy of both their PDS and FSG along with their Companies Authorised Reprentatives Number, before entering into any contract.
Any removalist not providing a PDS or FSG should be reported to the Australian Furniture Removers Association (Ph: (2 9659 5300) or the Australian Securities and Investments Commission (ASIC) (Ph: 03 5177 3988).