Half of Australians don't have the home insurance for when disaster strikes
6 years, 1 month ago

Half of Australians don't have the home insurance for when disaster strikes

ABC  

House and contents underinsurance looks like a problem in need of a solution. The prevalence of "middle Australian" renters who don't have contents insurance is challenging the idea that affordability is the real issue. A renter we interviewed described being evicted on the morning after Hobart's recent floods: We were wondering about temporary accommodation, whether they would put us up until we found a new place to live … They said that that was under contents insurance, which was our responsibility, and the house insurance just covers the house. With an increasing number of households in the rental market in Australian cities, exactly how insurance interacts with rental experiences merits a closer look. If house and contents insurance is to help in "bouncing back" from disaster events, we need to know more about this and about urban environmental awareness.

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History of this topic

Home insurance costs spike, with parts of Australia at risk of becoming uninsurable
8 months, 2 weeks ago

Home insurance costs spike, with parts of Australia at risk of becoming uninsurable

ABC  

In California and Florida, getting home insurance is becoming an almost impossible task. "We've seen in other markets around the world like California and Florida that have almost very similar profiles to Australia in terms of peril risks like flood and bushfires, as well as cyclones, a growing population has been left vulnerable and exposed," says Insurance Council of Australia …

Australians fear climate disasters will force them away from place they live, new survey finds
9 months, 3 weeks ago

Australians fear climate disasters will force them away from place they live, new survey finds

ABC  

In short: One in three Australians are worried extreme weather will force them to permanently leave their homes, a survey by the Climate Council has found. One in three Australians are worried extreme weather will force them to permanently leave their homes, a survey by the Climate Council has found. Rising insurance premiums to the point of unaffordability were also …

Weighing up home contents insurance? Here's what to consider
11 months, 2 weeks ago

Weighing up home contents insurance? Here's what to consider

ABC  

A few years ago, while reviewing my insurances, I started tallying up the value of everything I owned. The basics of home contents insurance Depending on whether you own your home or rent, there are different types of policies available. "Renters are less likely to take out contents insurance than home owners, but renters can often be the ones who …

Australian towns that are becoming uninsurable amid fears a warmer and drier summer will lead to bushfires
1 year, 3 months ago

Australian towns that are becoming uninsurable amid fears a warmer and drier summer will lead to bushfires

Daily Mail  

Towns on Australia's east coast are now regarded as most at risk of being uninsurable by 2030 because of bushfires - with a particularly hot spring and summer expected. Towns on Australia's east coast are now regarded as most at risk of being uninsurable by 2030 because of bushfires with a particularly hot spring and summer expected This would be …

Where to start with a flood insurance claim and what to do if you're a renter
2 years, 2 months ago

Where to start with a flood insurance claim and what to do if you're a renter

ABC  

Many flood-affected Victorians have returned home to confront the mammoth clean-up task that now lies ahead. At one community meeting in the Shepparton region, several residents raised concerns about whether or not throwing items away would impact insurance claims. These areas face the biggest hikes Photo shows Insurance stress interactive search One million households in Australia already face "extreme" levels …

Can tiny and alternate houses help ease Australia’s rental affordability crisis?
2 years, 8 months ago

Can tiny and alternate houses help ease Australia’s rental affordability crisis?

ABC  

Rental housing in Australia is less affordable than ever before. These include relaxing planning restrictions on small and non-traditional houses, allowing granny flats to be rented to anyone, permitting property owners to let space to tiny house dwellers, and possibly even subsidising the building of granny flats or modification of houses for dual occupancy. Benefits from easing restrictions Removing some …

Could climate change make it harder to get insurance in Australia?
5 years, 11 months ago

Could climate change make it harder to get insurance in Australia?

ABC  

At the moment, Townsville is more or less underwater and large parts of Tasmania are on fire. Key points: There were anecdotal reports of premiums reaching $30,000 after the 2017 Lismore floods There is a serious risk some places could become too disaster-prone to insure, according to an expert Taxpayers could end up footing the bill Summer in Australia has …

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