Flood Definition Not Too Hard
Floods caused by the sea or a river rises or the rain, so it should not be too hard for the insurance industry to achieve a standard definition. The case, argued decades, came to a head after severe flooding along the east coast of Australia during the summer. Many homeowners found they were not covered by insurance because their policy is fine print definition does not match their concept of inundation. There are three or four categories of a flood. It comes either from the sea, it comes from a storm or it may come from a storm in another part that leads to the river level rises and you get flooded.
This is not too hard. Standard definition does not end after so many years made it was not good for the insurance industry of Australia. After the announcement of a major investigation into the insurance sector in the aftermath of the floods, while The National Disaster Insurance Review will be chaired by John Trowbridge and will report back to the federal government from the end of 2011. the investigation would focus on the insurance plans for individuals and businesses for damage and losses from floods and other natural disasters. It will answer on how individuals and communities affected by floods and other natural disasters and to recover as quickly as possible to build them.