Sebastian Vanderzeil

Jul 23, 2023 | westender.com.au | Sebastian Vanderzeil |Brisbane Floods

What is the difference between flood insurance that is unaffordable vs. a house that is uninsurable? Not much to a resident. Premiums are doubling, tripling or more since the 2022 floods across Australia. Some people say ‘this is unacceptable, people need insurance’. Others say ‘this is the market working, the price reflects the risk of living in these areas’.