Complex insurance policies a leading factor in underinsurance of flood-prone homes
A new study has revealed Australia’s highly complex insurance landscape is a major factor in the underinsurance of homes in flood zones, rather than owner’s complacency. Researchers of the study investigated over 600 households across Melbourne’s flood-prone areas to understand how people make decisions over flood insurance. Image: Image Credit: Helena Jankovičová Kováčová / Pexels …
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