Case Studies (illustrative purposes only)

After a major Category 4 cyclone hits the area, a farmer experiences the devastating total loss of their uninsured banana crop. They were unable to insure it as there is currently no cover available, and they still owe QRIDA from previous uninsured cyclone damage. They face bankruptcy.

If they had purchased 1,000 units of Redicova with a Sum Insured of $1,000,000 this could have helped their ability to continue operations and avoid bankruptcy.

A Darwin based airline estimates that a Severe Tropical Cyclone could shut down operations/delay flights for up to 3 days whilst flights are stopped or diverted during this event.

They purchase 500 units of Redicova for a Sum Insured of $500,000 to cover their loss of revenue for this period.

The Body Corporate could obtain $100,000 cover from Redicova to fund their Named Cyclone Excess without exhausting the sinking fund or otherwise raising a levy on lot owners to pay for this.


A northern builder starts a new building project in November and is not expected to complete construction until March the following year. Their current Contract Works insurance policy has a $25,000 Named Cyclone Excess.

They buy 25 units of Redicova to pay this excess in the event of a Severe Tropical Cyclone.

In the wake of a Category 3 cyclone, a contract worker looses his job for six months, while his employer waits for their damage to be assessed and repaired under traditional insurance.

A $50,000 payout from Redicova could assist the contractor survive and stay within his community while his employer waits for their repairs and his community recovers.

Redicova settlements are paid promptly, emergency cash could assist locals to feed the family and pay bills as their community recovers from the cyclone.

A hospitality business in Airlie Beach has closed due to a Category 3 cyclone at their situation.

They purchased 200 units of Redicova to help them pay their named cyclone excess and/or bills while their community recovers from the Severe Tropical Cyclone event.

A property owner in Port Hedland (WA) has chosen a building excess of $10,000 under their traditional insurance policy to reduce their annual premium.

They believe that severe tropical cyclone is their most significant exposure.

They buy 10 units of Redicova to pay their excess in the event of a severe tropical cyclone occurring at their Insured Situation.

A local Real Estate Agent with business insurance takes out 200 units to obtain a Sum Insured of $200,000.

After a massive Category 5 cyclone comes through the area, they are lucky that their business didn’t suffer any property damage, however, they will have no income as real estate sales have ceased as buyers are too scared to invest in their area so soon after a cyclone event.

The $200,000 cash payout from Redicova allows them to pay wages and suppliers and remain operational while the market recovers.

A transport operator has lost their income when Tropical Cyclone Yasi destroyed local crops.  Banana farmers had no produce to send to market.

The transport operator can purchase 1,000 units of Redicova with a Sum Insured of $1,000,000 to help stay afloat if a Severe Tropical Cyclone occurs in their insured area again.