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According to the following article, a lot of those exposed to risk of floods are not insured for various reasons, including the high cost. It also reveals that there has (surprise, surprise) been little progress in the Federal Government's Natural Disaster Insurance Review. So for many of those who have suffered damage to their homes, perhaps for the second time in as many years, there will be little assistance other than that offered by friends, family and neighbors. For those who do have flood insurance, hopefully their policies will be honoured, as at least the government seems to have been able to "define" a flood, a technicality which was ruthlessly exploited by the less scrupulous insurance companies in the last big floods. Presumably all hose paying a house off should have mandatory insurance, but the article doesn't mention that aspect.
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