The insurance gap is not only a Pacific Island problem. Australia faces a massive insurance gap that leaves home and business owners increasingly vulnerable to either dealing with disasters without being fully insured or paying more for premiums, even if they live thousands of kilometres from a disaster zone.
That potential lack of insurance cover also has sobering ramifications for those seeking a mortgage and home ownership, especially in a world where climate-linked disasters are increasing.
The potential solutions are complex and will require government action. In 2022, when disastrous floods hit Queensland and . . .
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