Complex insurance policies a leading factor in underinsurance of flood-prone homes

A new study has revealed Australia’s highly complex insurance landscape is a major factor in the underinsurance of homes in flood zones, rather than owner’s complacency.

Researchers of the study investigated over 600 households across Melbourne’s flood-prone areas to understand how people make decisions over flood insurance.

Feature image: Helena Jankovičová Kováčová / Pexels

Producers:

• Toni Pankaluic

Speakers:

• Dr Brian Cook - Associate Professor and Geographer at the University of Melbourne