Climate risks drive record home insurance rates in Australia
Edited By WION Video Desk
Published: Aug 26, 2024, 05:10 IST | Updated: Aug 26, 2024, 05:10 IST
Home insurance in Australia is becoming a significant financial burden for many households. As the frequency and severity of natural disasters increase due to climate change, insurance premiums are skyrocketing. This rising cost is putting strain on homeowners' budgets and threatening the stability of mortgage loans.
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