Climate change to make thousands of Australian home uninsurable by 2030: Report ...Middle East

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Climate change to make thousands of Australian home uninsurable by 2030: Report
CANBERRA: More than half a million Australian houses will be vulnerable to climate change and become uninsurable by 2030, a report has warned.Published on Tuesday, the analysis from the Climate Council found that one in 25 houses, or 521,000 total properties, will be effectively uninsurable by 2030, said Xinhua.In the 10 areas most vulnerable to climate change, five of which are in Queensland, the proportion of high-risk properties rises as high as 27 per cent.A property becomes “effectively uninsurable” when the premiums are so high as to be unaffordable to average homeowners.The Climate Council launched a new tool to coincide with the report that shows Australians the threat of fires, floo

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