Built by a local for Northern Australia

Built upon the belief that everybody should have fast access to financial resources during tough times, Redicova was designed for the sole purpose of helping communities in Northern Australia.

After experiencing the financial hardship caused to community following a severe tropical cyclone, Karen Hardy founded Redicova to reduce the financial impact of these storms for the benefit of all exposed communities within northern Australia. Redicova pays upfront cash to enable us all to recover more quickly – giving us funds for additional expenses not covered under traditional insurance for when we need it most.

“I started Redicova because I know that after a natural disaster traditional insurance claims can be complex, stressful, time consuming and long winded.

Our traditional system does not support the immediate financial needs of northern Australia communities.

When a severe tropical cyclone hits, Redicova provides policy holders with an upfront cash payment so we all can focus on what matters most: rebuilding our lives, relationships, businesses and communities.”

Karen Hardy, Managing Director

image 1 (1)

Learning from past events to find new solutions.


After TC Larry in 2006 and TC Yasi in 2011, and with these experiences behind us, I started looking for a solution to the immediate financial hardship caused to communities impacted by natural disaster. There had to be a better way!

Although traditional insurance helped us greatly in the long-term by rebuilding our properties, it did little in meeting our immediate cash flow needs during the recovery process.

In 2015 I happened upon an article suggesting the use of parametric insurance to greatly reduce the immediately financial burden on communities after natural disasters and the rest is history. Redicova provides a fast up-front cash payment, within three days of receiving a claim, to fast-track our recovery from severe tropical cyclones.

360_cylconeyasi_0203 1
Redicova_RGB_Value Streams_Mono White 1

With over 27 years’ experience in the insurance industry, we know Northern Australians are tired of being told what, when and how they have to pay for their insurance. Redicova gives them choice and control. Redicova is backed by Lloyd’s, underwritten by Beazley and a proud member of Underwriting Agencies Council.

  • Choose your sum insured
  • Fast automated payment process
  • Use funds as you choose
  • Backed by certain underwriters at Lloyd's

How is Redicova different?

To bypass the complexity of the traditionally long and complex assessment process, we have taken the parametric approach.

We know that the faster money gets into a community, the quicker you will recover and get on with life. Based on BoM data issued during the cyclone, Redicova pay you an agreed amount based on the wind speed recorded at your insured address, rather than the cost of damage your property like a traditional insurance policy does.

Redicova VS Traditional
Covers any unexpected expenses
 and uninsured impactsPurposeRepair or replace property damage
We pay a pre-defined lump sum paymentPayoutAssessed damage less any excess/deductible
Very simple. Automatic direct 
deposit on confirmation of impactProcessClaim assessors, conversations & paperwork
We pay out within three business days of receiving your claimSpeedCan take weeks if not months 
or years to get payment
Based on your location, Redicova can range from $400 to $1,000 per year for $10,000 coverTypical PriceSubject to availability and policy conditions, this could be $’00,000’s per year.

Buy Redicova today

Cover is triggered when the BoM records a severe tropical cyclone at your insured location.

If a category 3 or higher cyclone is recorded by the BoM, Redicova will automatically pay you a pre-agreed sum insured within three business days of receiving your claim – no questions asked.

Redicova map Hit-05 1

BoM records your insured address has been hit by a category 3+ cyclone.

Redicova notifies you via email, requesting your confirmation to pay your claim.

Redicova map_big-05 1

Redicova will deposit your sum insured within 3 business days of receiving your claim so you can get on with life.

Get a quote today

Quote Request

The sum insured you'll be paid within three business days of submitting your claim.