Following on from other flood related discussions I am interested to know if people have looked at their insurance policies/PDS to see if they have any flood cover and if they think they need it.
In checking a policy/PDS (mine in this instance) you need to look in the definitions section:
“Flood” means the inundation of normally dry land
by water escaping or being released from the normal
confines of any natural water course, lake, reservoir,
canal or dam.
and then in the Exclusions or "What is not covered" for plain english wordings to see if Flood is excluded or limited.
• For loss of or damage caused by Flood we will
not pay more than $10,000 in any one Period of
Insurance. Where Cover Section 2 – Contents is also
insured, we will not pay more than $10,000 in total
in any one Period of Insurance for loss or damage
covered under both Sections.
I was surprised I had even this much flood cover as I expected none. Given my house has some elevation and is not near a water course at all I do not really care. If I could opt out of flood cover for a premium saving I would.
So if you have a house insured what cover do you have for flood and do you need it.
Covered for flood except from riverine source. No river anywhere near so consider we're pretty safe.
Exclusion includes any water from any 'reservoir'. I need to check with the insurance co. if in the case of pool overflowing and flooding house, this would be considered 'flood from reservoir'. Anyone with experience re this?
I'm covered for flood and it is defined as (by RACWA) "the inundation of normally dry land by water overflowing from the normal confines of any natural or artificial watercourse, lake, reservoir, canal or dam"
I am about 22m above sea level (according to Google Earth) and near the top of a hill at least 3km from the Swan river in Perth, so I guess I'm pretty safe.
Although "normal confines" is open to interpretation and one could say that anyone living in a flood plain is within the normal confines of that river, so any inundation would not be regarded as "overflowing", I would hope that the expression "normally dry land" would negate that interpretation and bring flood plains under the coverage umbrella.
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