Insurance companies only issue coverage where they think they'll make money, the fact that they refuse flood damage in areas probably indicates people shouldnt be allowed to build there, (barring very long strong stilts). Dont get me wrong I am not unsympathetic to the flood victims in any way. Much as with the bushfires I hold council planning largely responsible in the most criminally negligent light. They allow contruction in places that shouldnt happen as they are addicted to rates revenue, as state & federal refuse to tackle housing price bubble as addicted to stamp duty revenue.
Insurance policies are generally a load of bollocks, they have a clause to get out of just about anything, on stuff like motorbikes & cars, the excess means you cant claim unless you're pretty much written off, in which case you may not be alive to claim & if you are; you're unlikely to get the value it will cost to replace the item.
My solution to the clean up.
(1) print billions of AUD, gives us the money to pay for the damages, & devalue the AUD by a good 10% to help the ecenomy (every other country is debasing)
(2) Our construction industry is far too small to deal with rebuild in timely manner.
Govt issue 2 year contruction worker visas too countries such as Ireland & USA where industries have collapsed, have a set wage attached to the visas - say $50-70kpa this will avoid high wage inflation, dont worry about lack of interest; the Paddys & Yanks that are unemployed will be glad of any wage.
Benefits of debasement: Agricultural competetive, protect whats left of manufacturing, slow down o/seas internet buying.
Benefits of employment, control on wages, boost in foriegners to replace tourism slowdown, (workers instead of backpackers, they all pay rent & eat & drink). Quicker recovery of region.
just a quick thought, im sure many more positives could be added to the list.
Stay safe folks.
