Business
Flood insurance costing $30,000 highlights which areas should not be developed for housing – ABC News
State and local governments continue to allow development in flood-prone areas they know are practically uninsurable, and prospective owners don’t always even need…
Thousands of the people enduring the heartbreaking sight of their homes sinking beneath a rising brown tide across the east of NSW are doing so knowing they don’t have insurance coverage.
It’s devastating enough for so many to watch a lifetime of possessions sink beneath the floodwaters, but doubly so for those who aren’t sure how they can afford to replace even the necessities of modern life.
The reason so many are uninsured is either that their insurer won’t offer flood protection at all, or that…
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