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32nd storey deemed ‘flood risk’ in insurance farce

Liam WalshReporter

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Key Points

  • Some insurers are reducing cover for areas at risk of disaster. 
  • One 32-floor resident had his contents cover not renewed because of flood risk. 
  • Some databases can’t incorporate if unit residents have ground storage. 

The resident of a 32nd-floor apartment has been refused insurance for his television and furniture because the unit is located in a building considered a high flood risk.

The decision by general insurer Auto & General to decline to renew a contents policy is the latest example of how some parts of the sector are denying coverage to customers, sometimes called de-insuring, because of concerns about disasters.

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    Original URL: https://www.afr.com/companies/financial-services/32nd-storey-deemed-flood-risk-in-insurance-farce-20240306-p5faa6