INSUR025 The impact of natural disasters on property values and insurance (645 words)

This article provides insight into the impact that natural disasters can have on property values and home insurance premiums. It also includes some important tips for home purchasers, when looking to buy a property.

Australia's vast expanses and varied climates make us prone to natural disasters.

In recent years alone, we’ve experienced the devastating impacts of bushfires in the southern parts of the country, flooding along the Eastern Coast, as well as significant storm events and cyclones.

As you can imagine, the aftermath of a natural disaster typically involves a lot of clean-up and rebuilding for those affected.