So far this summer we’ve had bushfires and heat waves in Australia, landslides in California and windstorms batter Europe.
So looking ahead to 2018 if you’re expecting another year of wild weather, you’re wise. Since 2001, 15 of the last 17 years have been hotter than average and – just like turning up the heat under a pot of soup – things in the pot get feisty!
So, what should homeowners be doing?
Start by checking your insurance policy.
In terms of health, the Black Friday fires saw three times more people die in the heatwave than the actual fires. Check provisions on your health insurance for you, as well as children and elderly members of the family.
Climate Change is expected to increase the intensity of east coast lows and cyclones. If you have trees on or near your block, check who’s responsible for one crashing into your house during a storm - and ensure your insurance covers your situation.
Have you been ticking the box that says, “I don't want flood cover” just to save a few dollars?
Insurers tend to charge extra for flood cover in high-risk areas because they will likely have to pay out. Being affected by flood without insurance could be financially devastating – some families never recover.
If you’re near the coast be extra careful. Flooding events involving seawater are excluded in almost all Australian home and contents policies.
For those who can’t get insurance, you can still minimise risk – for example, try moving main living areas to the first floor or renovating with flood-proof materials.
Insurance is a vital tool for managing and mitigating risk.
So as climate change drives ever increasing and intensifying extreme weather, make sure yours is in good shape!