Buying a house is one of the most high-stakes decisions many people will make in their lives. Yet many households are investing millions without an adequate understanding of a property’s exposure to growing climate risks.
In Australia, perhaps the starkest climate hazard is flood. Flooding ranks as one of the most financially damaging weather-related disasters, with costs rising sharply over the past five years.
So, how do you find out a given property’s flood risk? This information certainly exists. It is embedded in the insurance premiums we are charged.
