ROBERT Baxter from Blackalls Park, pictured, commented on problems he has experienced when obtaining reasonably priced home insurance when the home is in a declared flood zone ("Lakeside homes seen as too big of a gamble", Newcastle Herald 4/6). I live in Toronto on the flood plain of Stony Creek, so have experienced such problems since LMCC published the results of their survey.
Most insurance companies, including those connected to iSelect, will not even give a quote when I give my address. Most of those that do provide a quote, quote amounts that are eye watering. Robert Baxter gives some of the eye watering results he received. Like in many such flood areas, as recently seen in Lismore and other Northern Rivers towns, it is usually modest houses built on the flood plain, lived in by people with modest incomes. That is why so many homes on flood plains are not insured.
