Source: News
Insurance companies are paying $2m a day for damage to homes and businesses after the NSW bushfires. Source: AAP
THE NSW bushfire emergency is officially over two weeks after it started.
A state of emergency was declared on October 20 and gave emergency services the power to make decisions on the community’s behalf.
It was revoked on Friday.
In a statement, Rural Fire Service Commissioner Shane Fitzsimmons thanked the community for its cooperation during the emergency period.
More than 200 homes across the state were destroyed in the fires resulting in $156 million worth of insurance claims for damages to homes and businesses.
The Insurance Council estimates assessors have visited 95 per cent of the properties where claims have been made.
Insurance companies are paying out more than $2 million a day for repairs.
Spokesman Campbell Fuller says insurers have been able to respond to more than 1200 claims coming from fires that were still burning only days ago.
He says although insurers have been quick to respond to claims, the process of rebuilding will take time and customers should raise all concerns with their insurance provider.
Insurance providers say some claims will take many months to be closed.