Fairfax Media Network

Weather News

Narrabri councillor says flood insurance premiums up by 400%

By Kerrin Thomas, Tuesday July 2, 2013 - 19:45 EST

A Narrabri Shire Councillor says the issue of insurance premiums in Wee Waa needs to be examined as current levels are unaffordable for ratepayers.

Councillor Ron Lowder is calling on Council to contact the Insurance Council of Australia and Nationals' MP, Kevin Humphries.

He says flood insurance premiums have risen by up to 400 per cent.

Councillor Lowder says residents are choosing not to take out flood cover, and he wants a review of premiums in Wee Waa.

"A lot of the residents have opted out of flood protection insurance, because they simply can't afford it," he said.

Councillor Lowder says a review of Wee Waa's flood categorisation is required.

He says the levee was put in place in the 1970s and the town has been flood-protected for more than 30 years.

"We understand premiums do go up, but there should be some consideration of the fact that the risk is mitigated to quite a degree by the levee," he said.

"Insurance companies often give a discount to home owners if they take out certain security measures with their homes, so I really think that should apply in this case with Wee Waa's flood protection."


- ABC

© ABC 2013

More breaking news

Sydney Morning Herald
ABC News
National Nine News
News Limited

Display Your Local Weather

Weather News

Unseasonable warmth continuing for South Australia

16:56 EST

A slow moving airmass and mostly sunny skies has brought well above average temperatures to much of SA, and will continue to on Monday.

Dousing for southwest WA

13:21 EST

A strong frontal system is bringing some heavy falls of rain to southwest parts of Western Australia.

Dry end to the wet season for the Top End

15:19 EST

A generally healthy wet season across the Northern Territory's Top End is having a very dry April to finish it off.