Redicova offers the Tourism Industry a parametric alternative to the traditional loss assessment model. Cover is triggered by a severe tropical cyclone.
We pay you a pre-agreed amount within three business days of receiving your claim, to cover your unanticipated expenses and lifestyle costs, with no delays or assessments.
By paying cash upfront Redicova strengthens your financial resilience and fast tracks your journey towards recovery.
How Redicova can help the tourism industry.
Do you rely on tourism to make a dollar? What happens if tourists just stop coming after a sever tropical cyclone? And why would they come when all they see is devastation?
If you rely on tourists to make a living, be clever and protect your cash flow with Redicova. We insure economic loss, not material damage.
You may be lucky and have no damage to your business property, but your income suffers because you have no guests. Get Redicova to protect your income and ride the storm with ease.
Redicova is the obvious solution for tourism operators in the north.
We insure Northern Australia between Carnarvon (WA) postcode 6701 to Bundaberg (QLD) postcode 4670 including the Northern Territory.
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Cairns based delivery service | customer since January 2022
Redicova is a parametric insurance which means it offers pre-specified payouts when a trigger event occurs. So when a severe tropical cyclone passes over your insured address, Redicova triggers a pay-out to you for your insured amount with no waiting and no assessors.
Redicova is not insurance for specific items like tractors, homes or cars, instead it covers you if your insured address is hit by a severe tropical cyclone, category 3 or more, whether you have incurred damage or not.
Developed specifically for Northern Australia to help you bridge the financial gap between immediate needs and existing support services, so you can recover quickly and prosper after a severe tropical cyclone.
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.