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During the Queensland floods in Australia a suite of insurance companies didn't pay out thousands of their customers because they deemed the flood to have been
by FuckOffNeemo 8y ago
During the Queensland floods in Australia a suite of insurance companies didn't pay out thousands of their customers because they deemed the flood to have been an 'inland tsunami' and not to be confused with a 'flood'. Which no joke, was in the fine print as an exception.
This is a 'flood' that caused billions worth of damage that displaced millions out of homes and covered an area that would have covered the majority of Europe under metres of 'flood' waters.
It went to court and State and Federal Governments got involved to settle the case. Not sure what happened to it.
Nothing further to add here beside to point out. Insurance companies can be fucking awfully deceptive.