Households in battler areas can be in high-risk zones, but have less insurance.
Allianz says in risky parts of Lismore, 90% of homes lack flood cover.
Residents in riskier areas say lack of affordable cover is a problem.
Almost three-quarters of Australian households exposed to significant flood risk lack insurance cover for such a disaster, new data reveals.
The insurance gap is compounded in areas that are highly exposed and have suffered floods, the data from insurer Allianz to a federal parliamentary inquiry shows.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
