Bushfire insurance premiums up by as much as 400 per cent in Victoria s alpine regions
ThuThursday 10
Many alpine resort business owners say adequate bushfire insurance has become unaffordable.
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Victorian alpine property owners say they re losing sleep as they struggle to get insurance after last summer s fires, while other are forking out for price increases of more than 400 per cent.
Key points:
Alpine business owners and residents are falling foul of the reassessment and repricing of insurance after the summer fires
Representative groups are calling for the Victorian Government to intervene in what they re describing as a market failure