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Newcastle Herald
Newcastle Herald
National
Sage Swinton

From $1900 to $13,200: Hunter homeowner's insurance premium pain

Insurance Flood Allianz John Martin Carrington
PRICE SURGE: John Martin outside his Carrington home, which will cost $11,000 more to insure due to a flood cover rise. Picture: Jonathan Carroll

A Carrington man is facing an almost 600 per cent increase to his house insurance premiums after the suburb was re-classified to an increased flood risk.

John Martin received quite the shock when he opened his home insurance renewal notice to see his annual premium was listed at $13,218 after paying $1936 the previous year.

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