The Insurance Council of Australia (ICA) has declared an insurance catastrophe for regions of Victoria, Tasmania and New South Wales impacted by severe weather and flooding. The declaration reflects the growing severity of the floods and forecasts for further extreme weather.
According to ICA, floodwaters are expected to peak across three river systems in Victoria today, putting thousands of homes and businesses at risk. Areas in northern Tasmania and western New South Wales are also at risk of further flooding in the coming days.
Read the ICA media release (PDF 124 KB)
DSH Insurance’s priority remains policyholder’s safety and providing emergency support to vulnerable policyholders in need of assistance. We strongly encourage all those impacted to put their safety first and adhere to evacuation orders.
‘We are closely monitoring the situation and with further adverse weather predicted, we urge everyone to focus on remaining safe.’ says Petra Watson-McNamara, National Manager DSH Insurance.
‘Our teams are in place to receive claims with our builders and make safe contractors ready to attend worst affected policyholder properties once the water has receded and they can safely access these properties.’
‘DSH Insurance policy covers policyholders for loss or damage to their home caused by flood. There is no excess on claims (other than for earthquake damage and some accidental damage claims), which helps our policyholders get their home back to pre-damage condition with little to no financial outlay come claim time.’ says Petra
BOM has warned of further deterioration in weather conditions, which could impact life and property in the affected areas. If you require emergency assistance, please call SES on 132 500. If you are in an emergency, please call 000
Further flooding expected
Flooding is occurring on many river systems in Victoria, New South Wales and Tasmania.