Unfortunately, many victims of the Queensland and NSW floods will find that they are either not insured or underinsured against this sort of catastrophe.
Insurance companies and banks have been put on notice by Prime Minister Scott Morrison, as the deadly storm cell pummels the east coast, wreaking havoc on homes and businesses.
The experience of insurance exacerbates a ‘resilience gap’ between people who have the time, money and capacity to manage the claims process, and those with existing disadvantage who simply do not.
