Natural disaster insurance review : inquiry into flood insurance and related matters. Executive summary and recommendations.
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TextPublication details: Parkes, ACT : The Treasury, 2011Description: 18 pSubject(s): Online resources: Summary: The fact that all home insurance policies cover storm damage including related water damage but many do not cover flood damage, which distinction is seen as arcane and artificial by many, led to a community backlash against insurers during 2011 and considerable distress, financial loss and disillusionment for many insured homeowners. Hence the theme of the Review, arising from the flood coverage problem and the full Terms of Reference of the Review, is the availability and affordability of insurance offered by the private insurance market, with particular reference to flood but also including other natural disasters.
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Australian Emergency Management Library | BOOK | 368.1220994 NAT (Browse shelf(Opens below)) | Available | 900112517 |
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TRIM 11#981191DOC
The fact that all home insurance policies cover storm damage including related water damage but many do not cover flood damage, which distinction is seen as arcane and artificial by many, led to a community backlash against insurers during 2011 and considerable distress, financial loss and disillusionment for many insured homeowners. Hence the theme of the Review, arising from the flood coverage problem and the full Terms of Reference of the Review, is the availability and affordability of insurance offered by the private insurance market, with particular reference to flood but also including other natural disasters.
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