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Just months before Lisa's home was destroyed by floods, her insurer refused to renew her policy

Flood Insurance Andrew Hall Phyllis Miller

Before Lisa Madden bought her home in the New South Wales town of Forbes in 2020, her bank told her they would not issue a mortgage unless her property had flood insurance.

She took out a policy with Budget Direct and bought a $255,000 single-storey fibro cottage on a quarter-acre block on Ferry Street.

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