recent flooding in queensland..should insurance pay?

Yes,it is really bad days for Australians. And i wish the flood can recede as soon as possible.And i hope the Australians can go back to their normal life. The earthquakes,floods, eruptions of volcanos,drought.Why there are more and more disasters in our planet? I just wish all the people in this world can live a peaceful life,no more disasters, man-made ones or natural ones.

i personally think that insurance will considerably pay in area that are covered by insurance policy .looking at the level of destruction in the area in question ,it is not possible to compel any insurance body to pay compensation . in other hand , insurance must pay those whose life and properties are fully insured to give them a new lease of life .however if the entire area are insured by the government incase of mishap then i suggest that insurance shall be responsible to pay for the damages done to queen land . thanks donatex

hi loveworld yes is that not what homw owner insurances are for, when disasters hit?I can well feel for Queensland as here in Southern California we have disaster areas where the torrential rains have caused mudslides and damaged all of laguna beech. the governor has appealed to Obama for federal funds as the state could not begin to pay for all the millions of dollars of damages from flooding and mudslides coming into homes and businesses . Laguna has a huge are colony there and lots and lots of paintings were destroyed. now its dried out but a lot of clean up is still going on there and in other towns too. So I am hoping you will get help where it is needed also.

Only twelve lives have been lost with around sixty or so still missing. You can follow all my updates in this discussion: http://www.mylot.com/w/discussions/2468508.aspx To answer your title question: no, it should not. Queenslanders that have been flooded now, do not have nor can they get flood insurance from anyone. Full stop. They all knew this when they bought their property there - everything's at their own risk. No one from there that I know is complaining about this either. There's a bigger picture too. Australia's economy has just had a great big "kick in the guts" with these floods. The million dollar a day coal mines that also sell to your country, Korea, etc has also been flooded & won't be operational for many months. Much of the country's food bowl is up there under water too. It's not just Queensland either; northern New South Wales is very badly affected by the same floods with over 4000 people adversely affected there. If you've checked the weather charts, there has been non-stop heavy rain there for weeks & weeks. The ground is absolutely saturated & all catchments are full & bursting. Millions of gigalitres of fresh water have been poured out to sea for many weeks. The Wivenhoe dam - specially built after the last big flood of 1974 to halt further flooding is at 191% of its capacity & pouring water down the Brisbane river. If this dam breaks or floods, we could see millions of lives lost & billions more dollars in property damage in the blink of an eye. The situation is on a knife edge; trying to regulate the amount of water to swell an already flooded river is no easy task. The rains still haven't stopped totally & people have long since stopped making predictions about how long this will take to stop, let alone even beginning to think about a clean-up.