Farm Insurance Australia :: Calculators

Farm Insurance Australia Financial Calculators

Farm Insurance Australia is pleased to provide you with the following calculators to assist you on your financial journey.

Insurance Calculators

Retirement Savings Calculator
Use this calculator to determine whether your current retirement savings plan will be sufficient to meet your longer term needs.
Income Protection Insurance Calculator
Use this disability income protection insurance calculator to determine the monthly disability income protection insurance benefit that you qualify for.
International Currency Converter
Use this calculator to establish the value of one international currency to another. All major international currencies included.

...for a more extensive range of financial calculators, visit us at Financial Services Online...


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Insurance News

Insurers Bet Big on AI for Streamlining Claim Resolutions Insurers Bet Big on AI for Streamlining Claim Resolutions
28 Mar 2024: .Paige Estritori

Australia's insurance sector is witnessing a transformative embrace of artificial intelligence (AI), with a sweeping 90% leaning on, or on the cusp of adopting, chatbots and advanced AI to enhance claim handling, as noted in Gallagher Bassett's yearly analysis. This heightened integration reflects the sector's aim to bolster operational speed and efficacy, with a remarkable 98% of insurers predicting immense benefits from such advancements. - read more
Spike in Weather-Related Insurance Claims During Summer Revealed Spike in Weather-Related Insurance Claims During Summer Revealed
27 Mar 2024: .Paige Estritori

Over the recent summer period, NRMA Insurance reported an influx of claims linked to severe weather, with a record not seen since the autumnal months of 2022. An overwhelming number of these, about 85%, have been ascribed to weather disturbances such as storms and hail, per the updated Wild Weather Tracker statistics. - read more
Federal Court Upholds Insurer's Policy Update Clause Federal Court Upholds Insurer's Policy Update Clause
26 Mar 2024: .Paige Estritori

The Federal Court has provided a green light to Auto & General’s home and contents insurance policy terms, confirming the necessity for policyholders to inform the insurer about significant changes affecting their coverage. The company emerged victorious in a legal scrutiny instigated by regulatory body ASIC over the disputed clauses. - read more
Survey Reveals Time Crunch for Brokers Facing Compliance Hurdles Survey Reveals Time Crunch for Brokers Facing Compliance Hurdles
25 Mar 2024: .Paige Estritori

Steeped in administrative duties, brokers are dedicating over three hours daily to data processing tasks, finds a survey issued by an insurance software company. Further intensifying their plight, nearly one-fifth have reported growing complications and time expenditure in compliance adherence, underlining a pressing industry conundrum. - read more
Revolutionizing Carbon Trading with Novel Insurance Offering Revolutionizing Carbon Trading with Novel Insurance Offering
24 Mar 2024: .Paige Estritori

In an innovative move within the environmental finance sector, CFC has introduced a cutting-edge insurance product specifically targeting the burgeoning carbon credit market. This pioneering Carbon Delivery Insurance is designed to mitigate the risks associated with non-delivery of carbon credits, reinforcing market confidence and integrity. - read more
Strata Firm Commits to Transparency After Fee Backlash Strata Firm Commits to Transparency After Fee Backlash
24 Mar 2024: .Paige Estritori

In a decisive move to restore confidence among their clientele, Netstrata, a prominent strata management firm, has indicated intentions to initiate a voluntary evaluation of its business protocols with the assistance of the New South Wales Fair Trading authority. This proactive step emerges in the shadow of a critical exposé by the ABC regarding alleged overpriced insurance fees imposed on condominium proprietors. - read more
Local Salon Owner Secures Partial Victory in Insurance Claim for Water and Mould Damage Local Salon Owner Secures Partial Victory in Insurance Claim for Water and Mould Damage
24 Mar 2024: .Paige Estritori

A verdict recently reached in a case involving a wellness center inundated by water has redefined the interpretation of water damage and associated insurance cover. In a battle against her insurer, the owner of a beauty salon has successfully contested the rejection of a substantial portion of her insurance claim which arose following severe water damage that resulted in harmful black mould in her establishment. - read more
Evaluating Strata Sector Transparency: ACIL Raises Alarm Evaluating Strata Sector Transparency: ACIL Raises Alarm
21 Mar 2024: .Paige Estritori

In response to a wave of disconcerting experiences reported by many affected by questionable strata practices, the Australian Consumers Insurance Lobby (ACIL) is actively soliciting insights from the public. The initiative aims to shine a light on controversial practices within the strata industry. - read more
Clarifying Disaster Coverage Terms: A Step Forward, Not a Panacea Clarifying Disaster Coverage Terms: A Step Forward, Not a Panacea
21 Mar 2024: .Paige Estritori

Examining the potential benefits of standardized terminologies in the insurance field, Treasury foresees that while harmonizing definitions related to natural disasters could alleviate mass confusion, it would not address all complications that arise in the realm of coverage and claims. This perspective was presented to a Federal Government Inquiry focusing on the insurance sector's handling of the cataclysmic floods that occurred in 2022. - read more
APRA Calls for Action in Shaping Future of Insurance APRA Calls for Action in Shaping Future of Insurance
20 Mar 2024: .Paige Estritori

In the face of mounting challenges within the insurance sector, the Australian Prudential Regulation Authority (APRA) is urging insurers to take a decisive role in securing the industry's destiny. APRA's Executive Director of Insurance, Sean Carmody, highlighted a series of difficult questions insurers must tackle to make their offerings both relevant and sustainable for Australians, against the backdrop of escalating severe weather incidents and the burgeoning protection gap. - read more

Farm Insurance Articles

Building Resilience Against Natural Disasters: Practical Steps for Aussie Farmers Building Resilience Against Natural Disasters: Practical Steps for Aussie Farmers
Australian farmers face an array of natural disasters that can threaten livelihoods and disrupt the delicate balance of agricultural ecosystems. From devastating bushfires and droughts to powerful storms and floods, these catastrophic events pose serious risks to the farming community. Understanding and preparing for these forces is not just about survival; it's about building a sustainable future for farms across the continent. - read more
Agroforestry Insurance Guide: Protecting Your Investment in Australia's Sustainable Future Agroforestry Insurance Guide: Protecting Your Investment in Australia's Sustainable Future
Agroforestry is a transformative approach to land management that integrates trees into agricultural landscapes. In Australia, where farmers contend with variable climates and environmental challenges, agroforestry offers a resilient pathway to productivity and sustainability. - read more
Proven Strategies for Australian Farmers to Reduce Farm Insurance Premiums Proven Strategies for Australian Farmers to Reduce Farm Insurance Premiums
Welcome to our comprehensive guide on navigating the complexities of farm insurance for Australian farmers. As an integral part of the agricultural industry, insurance provides a safety net that helps secure the livelihood of farmers against unpredictable events that can lead to financial hardship. From property damage due to natural disasters to loss of livestock or crops, having adequate farm insurance can make all the difference in keeping a farming operation afloat in times of crisis. - read more
Protecting Your Herd: The Aussie Farmer's Guide to Livestock Insurance Protecting Your Herd: The Aussie Farmer's Guide to Livestock Insurance
For Australian farmers, livestock is more than just a vital asset; it's the heartbeat of their livelihood. In a land where the sunburnt plains are as relentless as they are beautiful, protecting your herd isn't just a duty; it's a necessity. That's where livestock insurance comes into play—a shield against the unpredictability of Mother Nature. - read more
How to Protect Your Harvest: Tips for Choosing the Right Crop Insurance How to Protect Your Harvest: Tips for Choosing the Right Crop Insurance
Farming, at its core, is an enterprise fraught with uncertainty. Weather calamities, pests, diseases, and fluctuating market conditions can all impact the output and quality of produce. This is where crop insurance proves its worth, serving as a safety net for farmers against the myriad risks they face each season. - read more
Custom Farm Insurance: Tailoring the Perfect Policy for Your Agricultural Needs Custom Farm Insurance: Tailoring the Perfect Policy for Your Agricultural Needs
Welcome to the world of farm insurance, where no two policies are the same, just as no two farms mirror each other in operations and risks. As a farmer, you are acutely aware that your agricultural endeavors bring a unique set of challenges and needs. Recognizing this diversity is the first step in protecting your livelihood. - read more
How to Save Money on Your Farming Insurance Premiums How to Save Money on Your Farming Insurance Premiums
When looking for farming insurance, it is important to shop around for the best deals. Don't simply rely on the first insurance company that you come across. Take the time to research various companies and their policies. Compare them based on their coverage, premiums, and deductibles. - read more
The importance of income protection insurance for hobby farmers The importance of income protection insurance for hobby farmers
As a hobby farmer, you may not rely on your farm for your main source of income. Perhaps you have a full-time job but enjoy farming as a way to supplement your income and pursue a passion. However, just because farming is a hobby does not mean there aren't risks involved. In fact, hobby farmers face many of the same risks as commercial farmers, such as injury, illness, loss of crops or livestock, and damage to property. - read more
Natural Disaster Preparedness: Insurance Tips for Farmers Facing Adversity Natural Disaster Preparedness: Insurance Tips for Farmers Facing Adversity
In the heart of New Zealand's pastoral verdure, the significance of preparedness for natural disasters is paramount for the farming industry. The distinct landscape, while providing an idyllic backdrop for agricultural pursuits, is not without its challenges. Farmers are often at the mercy of nature's unpredictability, making disaster preparedness not just prudent but essential for the continuity of their livelihood. This guide seeks to offer critical insurance tips for those steadfast individuals facing adversity, ensuring they are not left vulnerable when calamities strike. - read more
Understanding Livestock Insurance: Essentials for Kiwi Farmers Understanding Livestock Insurance: Essentials for Kiwi Farmers
The agricultural landscape of New Zealand is lush with pastures and livestock, making the need for comprehensive livestock insurance an essential consideration for any farmer. As stewards of these precious resources, farmers understand the importance of safeguarding their livelihood against unforeseen events. Livestock insurance stands as a vital tool in a farmer's risk management arsenal, designed to protect against the potential financial devastation that could arise from loss of livestock. - read more

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Insurance:
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of potential financial loss.