CelloMom On Cars"#HomeInsurance is becoming unaffordable for a growing number of #Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars in #mortgage loans at risk, a report said on Monday.
As of March 2024, 15% of Australian households were experiencing home insurance affordability stress, which is defined as having premiums that cost more than four weeks' of their incomes, the report from the Actuaries Institute found."
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