πŸ“‘ A crisis of underinsurance threatens to scar rural Australia permanently

Bookmarked A crisis of underinsurance threatens to scar rural Australia permanently (The Conversation)

One lesson from Australia’s past bushfire disasters is that too many homes are underinsured. But it’s a lesson we’ve failed to learn.

David Bowman, Christine Eriksen and Chloe Lucas discuss the problems associated with under-insurance and the challenges with rebuilding communities after bushfires. Some of the issues include the lack of rentals, the increase in building costs during such times and threat to communities when people decide to leave rather than rebuild.

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