Adrian Katschke made a deal with himself in 2017 after floodwaters subsided from the shop he owned in Lismore: If he could go at least five years without any more flood damage, he'd earn enough to break even on repairs.
"We made a decision [in 2017], owning the property, that it wasn't worth paying the increased [insurance] premium for flood plus the increased excess," the former insurance broker says.
