Rough rains since late last month have smashed river banks in south-eastern Australia, submerged homes, yards and bridges and affected whole cities.
A barrier has been a lack of insurance in light of the flood caused by recent flooding and the historical track record.
A 2019 report by the Australian Competition and Consumer Commission discovered that the average household contents and contents insurance for northern Australia was $2.500, compared to $1.400 in the rest of Australia.
Hundreds of homes are thought to have been flooded, raising suspicions yet more people will be killed if the tide continues on the basis of historical flood data that does not consider climate change.
People living in flood-prone areas pay even higher insurance premiums than those living in Australia’s tropical north, who face cyclone-related tropical cyclone danger in the warmer months of the year.
