Australian households facing home insurance affordability stress as premiums jump following floods and supply chain issues
Many households are on the verge of abandoning their home insurance policies, as new research has found about 1.24 million Australians are facing insurance affordability stress. It comes off the back of home insurance premiums having risen 28 per cent, or $414, to $1894 in the past 12 months, being the biggest hike in two…