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Flood maps help secure insurance win

Monday November 19, 2012 - 13:03 EDT

A retired Albury resident has had his home insurance premium reduced by more than 500 per cent after he demanded up-to-date flood risk information.

Barry Pitman says an insurance representative from St George told him the new premium for his home and contents insurance would be $6,400 compared to $1,200 the previous financial year.

Mr Pitman says the company reversed its decision after he received Albury City Council's latest flood study maps, proving he was not in a flood risk zone.

"The impact for me is that my insurance will come back to a very sensible, reasonable amount, equivalent to what I paid last year, including flood insurance," he said.

"For me it's going to be of the order of just a little over $1,200."


- ABC

© ABC 2012

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