Landlords v renters: Who’s on the hook for flood damage costs?

Drenched northern NSW is in for a brief reprieve from the punishing rain as Premier Dominic Perrottet visits waterlogged communities in the Riverina. Photo: AAP

Many homes around Australia have been drenched by floods this year, and sorting out who’s paying for the flood damage can be confusing.

Insurance Council of Australia data released in September shows that in 2021-22, insurers paid out $6.41 billion from more than 380,000 claims, which was $3.9 billion more than the previous 12 months.