Prepare for the unexpected
While meteorologists can anticipate extreme weather events, it is impossible to know exactly when or where extreme events such as hurricanes, tornados, floods or bushfires will occur. It is believed that due to changes in our climate, severe weather events will become an increasingly normal part of our lives.
Ongoing changes to the climate also make it increasingly difficult for meteorologists to predict certain aspects of weather, according to one study from Stockholm University.
Many climate experts believe that as the climate shifts, it will result in more frequent and more intense weather events including heatwaves, heavy rainfall, bushfires and cyclones. While the events themselves may become more severe, the financial cost will grow as well.
Consider the recent flooding catastrophe in Victoria in June of 2021, for example. Figures from the Insurance Council of Australia (ICA) revealed that this single event on 13 June resulted in 27,000 claims worth $230 million.
It’s hardly going to be the last weather event of its kind. The Climate Council of Australia warns that extreme weather events are becoming commonplace in Victoria, and across the nation.
Keeping an eye on the forecast
As we head into the summer months, the risk of bushfires and some extreme weather events increases. Make sure you and your family are prepared for a worst-case scenario, especially if you live in (or are visiting) regional areas that are prone to natural disasters.
RACV has launched a severe weather webpage, which brings together a wealth of resources and information from organisations including the Red Cross, Victorian Country Fire Authority and the Bureau of Meteorology to help Victorians prepare for and protect themselves from the impact of severe weather.
While you may not be able to prevent these events, you can lessen the impact these unavoidable weather events can have on your life. Despite so many insurance products being available, according to the Insurance Council of Australia, underinsurance is a prevalent issue in Australia.
Underinsurance can occur with any type of insurance, but there is more evidence of it in the home and contents and life insurance sectors. Australian insurers write 43 million business and household policies each year, and pay out more than $166 million in claims every working day, according to ICA figures.
Make sure your insurance is up to date before the extreme weather of summer is upon us.