Flood insurance

The flooding in Queensland, New South Wales and Victoria has highlighted to many the devastating consequences of natural disaster. For many the likelihood may be low but when the consequence is so high it is worth considering the plans you have in place to protect your family’s lifestyle and dreams if misfortune strikes.

Insurance can be one tool for minimising the impact of natural disaster.

To learn more about flood insurance read this edition of Consumer Tips published by The Insurance Council of Australia.

The Herald Sun also published an easy-to-read overview of insurance cover for floods. (18 Jan 2011)

Choice also provided a flood update in to their guide on choosing home and contents insurance. It is a worthwhile read. (14 Jan 2011).