Insurance Built for Northern Aussies

Redicova offers the Northern Australians as an alternative to the traditional loss assessment model. Our parametric cover is triggered by a severe tropical cyclone. We pay you a pre-agreed amount within three business days, 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

Redicova settlements are paid within three business days, emergency cash will assist you to feed the family and pay bills while your community recovers from a sever tropical cyclone.

Redicova is great for families because it will provide a quick cash infusion after a severe tropical cyclone for whatever you need to recover—whether it's emergency property repair, child / pet care costs, rent, food or anything else. Redicova boosts your financial resilience.

Redicova is the obvious solution for families on a tight budget.

Eligibility Checker

We insure Northern Australia between Carnarvon (WA) postcode 6701 to Bundaberg (QLD) postcode 4670 including the Northern Territory.

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I reckon Mackay is due for a blow.  I purchased $5,000 cover to pay my traditional insurance excess and buy replacement food or a generator.  I signed up as soon as I heard about Redicova.

Mackay resident | customer since January 2022

Recover quickly after a severe tropical cyclone

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Insurance that pays faster

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.

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Use funds as you choose

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.

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Designed for Northern Australia

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.

Get a quote today

Quote Request

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

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.

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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.

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