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ABC News
ABC News
Business

Postcode pricing hikes up home insurance costs for properties outside flood zones

Home owners across the country say hefty increases on their home insurance premiums have come as a "rude shock" because they don't live on flood-prone properties. 

Premiums calculated on postcodes alone are being called "inequitable" by home owners who live kilometres from flood-risk zones but are still required to pay a higher cost.

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