Sydney Morning Herald
AsiaPac · 47 mins ago
✦ 75◉ Centre
Andrea lives in a simple home in central Sydney. She was quoted $19,000 to insure it
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Accuracy 75/100
Partisan intensity 45/100
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◉ Centre ✓ Fair headline
Insurance companies are increasingly reluctant to cover properties in climate-risk areas, with even homes that have never flooded facing difficulty obtaining affordable coverage, illustrated by a Sydney homeowner's $19,000 quote.
Andrea lives in a simple home in central Sydney. She was quoted $19,000 to insure it
In a sign of how insurance companies are slashing their appetite for climate risk, even homes that have never flooded are becoming hard to insure.
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