Fairfax Media Network

Weather News

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

More breaking news

Sydney Morning Herald
ABC News
National Nine News
News Limited

Display Your Local Weather

Weather News

Fire fuel loads increase after recent heat in NSW

16:34 EDT

Prolonged heatwave conditions are helping elevate the bushfire threat in parts of New South Wales this week, after a slow start to the season.

Queensland weather: Heatwave conditions to return on Wednesday

16:09 EDT

A four-day heatwave that begins on Wednesday will bring the same kind of conditions that saw more than 200 Queenslanders treated for heat stroke and dehydration last week.

Federal MP calls on banks to develop offsetting options to help farmers save in the good times

16:05 EDT

A Queensland MP is calling on the major banks to develop offsetting options for farm management deposits to help landholders save in the good times.