LAST month I received an email from my long-time home and contents insurance company stating they are declining any future applications from me on grounds I live in a "flood plain" I was shocked and puzzled as I have never made a claim over many years. I quickly began resourcing other insurance companies but as soon as I stated my postcode I was rejected on same grounds. I was then sent a interactive map which indicated the whole mid north coast would be uninsurable by 2030.
I read that some insurance companies will insure you if you omit the flooding clause. Some insurance companies charge prohibitive prices up to $30,000 a year. As a result, people just don't have home insurance.
