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Flood insurance in the ACT?

By Mikonos - 8 July 2013 7

Hi,

I live in Forde and I’m looking at renewing my house insurance. App $500 for hounse insurance+flood cover Vs app $360 for house insurance with no flood cover.

I am rather new to Canberra so any info about flood history, sort of floods that damage homes, will be appereciated.

Thanks!

What’s Your opinion?


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7 Responses to
Flood insurance in the ACT?
Postalgeek 2:19 pm 05 Aug 13

As others have suggested, you need to be aware of what’s above you as well as below you. If you’re on a 2 degree slope, not even a hill, you need to ask yourself if there’s a water main uphill from you, likewise storm-water drains, and if your driveway slopes down to your house.

Then I guess you need to think about your roof profile and guttering, and the side alleys of your house. Does your house and property block or channel water towards itself?

We’re in the process of reviewing the drainage around the house atm.

zllauh 1:12 pm 05 Aug 13

Hi,

Would highly recommend that you speak to an Insurance broker who is based in Canberra.

The local insurance broker can give you expert advise and insights. They can speak to all the insurance companies and give you a pricing based on your requirements. Will save you the headache of taking out a dictionary to understand the PDS.

Not sure if this mob will be able to help you, They gave us Business Package Insurance and are based in deakin.

Phone 02 6282 9722
Website http://www.mutualbrokers.com.au

My 2 cents.

IrishPete 10:02 am 09 Jul 13

I think NRMA have good broad flood cover without much in the way of exclusions.

IP

aleayr 8:39 am 09 Jul 13

Tony said :

I believe flood cover would also cover you for water damage from storms, burst water pipes, flooded floors from broken dishwashers, washing machines etc…

Not necessarily. People should read their PDS so they know exactly what is covered and what isn’t.

Quite a number of people in the Queensland floods who thought they were covered for flood damage didn’t get paid out because the insurance companies all have different definitions of what constitutes a flood and what doesn’t.

aidan 4:31 pm 08 Jul 13

There is an old thread that is probably worth a look

http://the-riotact.com/flood-zoneprone-areas-in-canberra/35031

but also bear in mind being half way up a hill is no protection. I can’t find a link, but some years back there was flash flooding in Kambah and the downstairs garage/flat of someone’s house turned into a raging torrent, and they had previously had no flooding problem.

Tony 4:31 pm 08 Jul 13

I believe flood cover would also cover you for water damage from storms, burst water pipes, flooded floors from broken dishwashers, washing machines etc…

beardedclam 4:08 pm 08 Jul 13

You should read the PDS carefully to see what the definition of flood is. It may not cover stormwater flooding on your property and you may need to live in a certain area for the flood cover to take effect.

Forde and Bonner have been designed with far greater capacity to cope with heavy rainfall when thinking of the suburb as a whole, things like control ponds and castellated kerbs have been put into place to naturally follow the ridges and waterways.

Obviously, individual blocks toward the higher points in the suburb would be far less susceptible to flooding.

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