Warren Entsch (Leichhardt, Liberal Party) Share this | Hansard source

I rise today to also speak on this bill, the Insurance Contracts Amendment Bill 2011, and to indicate my support for the measures contained within this bill. The bill changes the insurance law to introduce a standard definition of flood contracts. This is something that is long overdue in this area and over many years we have seen despair, I guess, from people who have been subjected to a flood situation only to find that, even though they thought they were covered, they had no insurance cover whatsoever. It was primarily because of the very narrow definition that was used by the insurance companies.

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