PHOTO: Flooding has had a huge impact on insurance premiums for Western Plains residents.
While homes in Coonamble, Bourke and Nyngan have mostly stayed high and dry in the recent floods, they still make the list of “most uninsurable” locations in NSW.
Back in 2009, pre the most recent flooding events, a Climate Council report found that regional communities were dangerously exposed to climate impacts which in turn affects costs around the insurability of infrastructure.
At the time, Bourke took the unwanted top spot with 95 per cent of addresses deemed “uninsurable”. According to the data modelling, at that time there were also more than 2000 uninsurable addresses in the Coonamble Shire which equated to around 70 per cent of residential properties…