australians inadequately insured against natural disaster
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Australians inadequately insured against natural disaster

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleAustralians inadequately insured against natural disaster

Melbourne - Xinhuo

One in 10 Australians living in rural areas do not have their homes insured against disasters, research has found, leaving them exposed to the costs of bushfire and storm damage.

The study, undertaken by the University of Tasmania, was released on Tuesday as large parts of eastern Australia were struggling to cope with severe storms which had killed four people and damaged thousands of homes and properties.

The research found that of those Australians who had insurance living in these regions, one in four did not have adequate coverage.

"Insurance is increasingly identified as the disaster management technique of choice, yet significant numbers of Australians neither have insurance nor are under-insured," said Kate Booth, professor from the University of Tasmania.

"Findings from our survey of bushfire prone regions in Australia indicate 13 percent of those surveyed are without insurance for their assets... And approximately one-quarter of those who are insured may also be inadequately covered," she said.

Booth said that a lack of transparency on behalf of insurance companies as well as the influence of family is more significant in the decision to not get insurance than affordability.

"Mistrust in insurance companies and a lack of transparency in insurance costs and payouts provides a stronger logic for choosing not to have insurance than for having insurance," she said.

The findings come as thousands of Australians in Queensland, New South Wales and Tasmania are left in the dark as to whether insurance companies will provide compensation for the damage caused by severe floods and storms.

The Insurance Council of Australia (ICA) said it is unlikely that owners of a stretch of luxury homes on Collaroy Beach, 20 kilometers north of Sydney, destroyed by the sea as a result of the storms will receive compensation due to most insurance policies not covering "actions of the sea."

"Ninety-three percent of all new home insurance policies purchased in Australia now include cover for flooding but neither actions of the sea nor the effects of gradual sea level rise are considered to be flooding for insurance purposes," ICA's Campbell Fuller said in a statement.

source : xinhua 

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

australians inadequately insured against natural disaster australians inadequately insured against natural disaster

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 09:08 2017 Monday ,18 December

Lufthansa wants to 'destroy' Niki airline

GMT 08:31 2017 Tuesday ,07 March

Deutsche Bank drags European equities lower

GMT 10:56 2017 Sunday ,17 December

Shikhar sure India won’t wilt under the pressure

GMT 10:08 2017 Friday ,15 September

Pakistan's fatal attraction to celebratory gunfire

GMT 21:43 2017 Thursday ,09 February

Al Attiyah left Tunisia to Genève

GMT 08:59 2018 Monday ,08 January

Europe casts a wary eye on China's Silk Road plans

GMT 10:05 2016 Monday ,10 October

Trump's locker-room comment riles US athletes

GMT 13:59 2011 Wednesday ,27 July

Journalist Salameh at death’s door

GMT 11:37 2017 Saturday ,23 December

Major powers seek to hold Sochi congress

GMT 03:03 2016 Tuesday ,28 June

'I'm still alive' jokes Queen Elizabeth
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle