Hi fellow Investors,
As investors, there is now a brand new tool to add to our Due Diligence kits!
It’s a new one-stop online shop for flood risk information. This National Flood Risk Portal has been prepared by Geoscience Australia and will be further developed over the next 4 years. This facility will be an invaluable online tool for Investors providing detailed information about Flood Risk for areas we are all looking to invest in.
There are detailed maps, online warnings and information to help mitigate Australia’s perpetual flood exposure. The portal uses satellite imagery to map floods and will also be supported by national guidelines to assist holders of flood risk information to make their flood studies and maps visible.
Easy access to flood risk information will give investors, insurers, communities and planners a better understanding of their exposure to floods. This information will assist consumers to make informed decisions about areas and the implications for insurances. Insurers are now far more prepared with highly accurate and detailed Flood Mapping data and we have now seen “Flood” Cover released in almost ALL States.
The best form of Risk Management and Insurance is prevention. You may be surprised at the exposure that underlies many areas in Australia!
Upcoming Items – Watch out for our new Real Wealth Insurance Products coming soon, including:
- Real Wealth Travel Insurance
- Real Wealth Health Insurance facility
- Insurance “Risk Coach” for Residential Landlords
- Policy Comparisons within the “Direct” insurance market
It has certainly been a challenging year (or two!) in the Insurance world, especially with “Residential” products. Hopefully we may see some respite and encouraging signs this coming year. Wishing you a prosperous year and I look forward to assisting you to realise your dreams in 2013.
Peter Rainey, Managing Director
Ph: 1300 888 794