Floods and insurance
People are often surprised to find that their home, contents or business insurance policy does not cover them for flooding.
Insurers use a range of information, which may include the Department of Water's flood mapping, to determine the risk of flooding and insurance premiums. Some insurers include flood cover as a compulsory part of home and business insurance, others include it as an optional extra and some will not cover flood risk under any circumstances.
The wording of policies varies widely and different insurance companies take different approaches to damage caused by flooding.
As an owner, read your insurance policies carefully to work out whether you are covered and find out which insurance policy best suits your circumstances.
The department's floodplain mapping information is available to the public and insurance companies. This allows the companies to accurately price flood premiums based on an area's risk of flooding.
Governments do their best to reduce the risk of flooding to communities by avoiding development in high flood risk areas and making sure there is the appropriate design and construction for developments on flood prone land.
They also provide a range of information to help protect against flooding.
- Prepare, respond to and recover from flooding
- Latest flood warnings: Bureau of Meteorology or Department of Fire and Emergency Services
- Local stormwater drainage networks: local governments and the Water Corporation
- Financial Rights Legal Centre factsheets on rights of insurance policy holders
- Requirements for renovations, building and developments to minimise flood risk: local governments
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