The idea of parts of Australia being so exposed to natural disasters that they aren't able to get home insurance seems scary but that's exactly what insurers are warning of as climate change boosts the frequency of extreme weather events. The finance industry is using climate models to predict which parts of Australia will be worst hit and the ABC has been digging into some of those projections to find out what they say about your neighbourhood.
Homeowners in some parts of Australia are facing steep rises in insurance premiums as a result of climate change. In north New South Wales, one homeowner was quoted AUD32,000 ($21,884) per year to include flood protection on her policy. Analysts said climate change could result in all insurance premiums being hiked, while banks warned of a potential knock-on effect on mortgages, estimating that 1% of customers would struggle to meet payments by 2060.