In many parts of the country, climate change is mixing with natural variability to pile on the risk of damage to Australian homes. Where Australians live, the design of settlements, the cost of housing, and whether homes are insurable or not are not issues of the future, but very much issues of today.

The Climate Institute, together with CHOICE, commissioned independent risk analysts Climate Risk to take a snapshot of how the home insurance industry is responding to climate risk. The study, Buyer Beware: Home Insurance, Extreme Weather and Climate Change, offers a preliminary analysis of changes in premiums, policies, and insurability. The research reveals the growing risks for homeowners and also offers important new tools to assist homebuyers to assess current and future risk to what is often the biggest asset purchase of their lives.

Access the full reportĀ here.