-pic from ABC News
Battlers in one of Sydney’s wealthiest suburbs, Collaroy, have lamented the government’s disregard for damage to their properties, following storms that left some residents without the ability to swim in their own pool.
‘What is the point in even having a pool to swim in if the ocean beside it is going to take it away?’ said Lenora of Collaroy Beach, adding that her husband, Tony, had been a member of the Pittwater Sailing Club for 35 years.
On top of that, many residents are dealing with the news that insurance companies will not cover damage due to existence on the planet. In a statement, the Insurance Council of Australia said;
“People often think insurance exists to compensate for damage due to known risks, and that premiums will scale in accordance with that risk. This is simply incorrect. Insurance is simply a direct transfer of wealth from policy holders to share holders.”
For Tony and Lenora of Collaroy Beach, this news is especially galling. As shareholders in three of Australia’s biggest insurance companies, they are left with little choice but to spend two thirds of their quarterly dividend on repairing their beachfront property.
“It’ll be a struggle, but at least no lives were lost and the patio is largely intact.”
The Mutton Flap 