Flood insurance

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Name	Product	Finder Rating
Budget Direct Home & Contents Insurance Budget Direct Home & Contents Insurance 4.5/5★★★★★ rating Finder AwardBonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	4.5/5★★★★★ rating	Our verdict: The most popular insurer on Finder, Budget Direct prioritises low-cost cover and gives you up to 30% off your first year for new combined policies purchased online. This is a big reason it won this year’s Finder Award for value.	Get a quote View details	Compare	loading Fetching your data...
Youi Building and Contents Insurance Youi Building and Contents Insurance 4.5/5★★★★★ rating Best Rated Brand	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	4.5/5★★★★★ rating	Our verdict: Finder’s 2022 Insurer of the Year for Customer Satisfaction and our Top Pick for Fire Damage cover. It’s good if you want a tailored quote over the phone.	Get a quote View details	Compare	loading Fetching your data...
QBE Home & Contents Insurance QBE Home & Contents Insurance 3.5/5★★★★★ rating Green CompanyBonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	3.5/5★★★★★ rating	Our verdict: Finder's Top Pick for Floods plus cover for other common claims such as fire and theft). Its discount is better than most – 20% off your first year with a combined policy.	Get a quote View details	Compare	loading Fetching your data...
Bendigo Bank Gold Home & Contents Insurance Bendigo Bank Gold Home & Contents Insurance 2.5/5★★★★★ rating	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	2.5/5★★★★★ rating	Our verdict: A good option if you want a well regarded brand. All come with automatic flood cover and let you pay monthly or fortnightly at no extra cost.	Get a quote View details	Compare	loading Fetching your data...
Honey Home & Contents Insurance Honey Home & Contents Insurance 4.5/5★★★★★ rating Finder AwardBonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	4.5/5★★★★★ rating	Our verdict: Honey gives you $250 smart sensors to reduce accidents and estimates your rebuild costs for you. Honey was a finalist for the comprehensive category in this year’s Finder Awards.	Get a quote View details	Compare	loading Fetching your data...
Seniors Top Home & Contents Insurance Seniors Top Home & Contents Insurance 3/5★★★★★ rating Bonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	3/5★★★★★ rating	Our verdict: Get up to 20% off when you buy a combined home and contents policy. Terms, conditions, underwriting criteria and minimum premiums apply, which may reduce discount. Make sure your rebuild costs are accurate though – Australian Seniors don’t do underinsurance cover.	Get a quote View details	Compare	loading Fetching your data...
Kogan Home & Contents Insurance Kogan Home & Contents Insurance 3/5★★★★★ rating Bonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	3/5★★★★★ rating	Our verdict: Good comprehensive cover (issued by QBE). Also, get 22% off on your first year's premium when you purchase a new combined Home & Contents insurance policy online + $10 monthly credit. T&Cs apply.	Get a quote View details	Compare	loading Fetching your data...

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Top pick for floods: QBE

What we like about QBE:

• QBE automatically covers flood damage. It's included in the insured event storm, storm surge, rain, hail or flood. This makes claiming a little simpler. With most insurers, storms and floods are considered 2 separate insured events. This means if there is storm and flood damage to your home, you may need to pay 2 excesses but not with QBE.
• It covers forced evacuation by a government authority. For example, if you need to leave because of a flood risk, QBE can pay for temporary accommodation for up to 60 days.
• It can also cover debris removal which can be very costly if your home is damaged or destroyed, plus pay for the temporary storage of your undamaged belongings.

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Why we chose QBE

We looked at Finder partners and selected our top pick based on who offered all of the following benefits: flood cover (that is automatically included), temporary accommodation (including evacuation), debris removal and temporary storage. We didn't look at every insurer on the market.

Does home insurance cover flood damage?

Yes, insurance can cover flood damage. Here's what that usually means:

Floods (water that escapes from its natural confinements)

For example, if a lake, creek, dam or river bursts its banks and it damages your home or contents, insurance can cover you.

Rainwater run-off

For example, if a large amount of rain falls and overflows into your home, you can be covered for the damage. Some insurers include this in flood cover, while others will cover rainwater in storm cover.

How do home insurers cover floods?

Since 2012, all Australian insurers define a flood as:

The covering of normally dry land by water that has escaped or been released from the normal confines of: any lake, or any river, creek or other natural watercourse, whether or not altered or modified; or any reservoir, canal, or dam.

Some insurers will go further than this and include rainwater run-off, sometimes called water run-off as part of flood or storm cover. We've included a section on how this is covered.

What is covered in flood insurance?

Flood cover can pay to repair or rebuild your home and your belongings if you have contents insurance. For example, it can cover:

• Structural work to repair a flooded foundation
• Replacing your television set if damaged by flood water seeping into the electronics.
• Temporary accommodation and emergency evacuation costs if your home's too damaged to stay in.

Flood insurance payouts

Insurers have paid more than $6.07 billion to insurance customers impacted by the floods that hit South-East Queensland and parts of New South Wales, according to the Insurance Council of Australia.

What isn't covered?

There are a few exclusions related to floods that you won't be covered for. These are some of the main ones. To find out more, it's worth looking at the exclusions section of your home insurer's product disclosure statement (PDS).

• Actions of the sea – for example, tsunamis or high tides.
• Water that's entered your home because of renovations.
• Water that has gradually seeped into your building.
• Earth movement that was not due to the flood or storm.
• Damage to plants, trees and lawns.
• Damage to swimming pool covers.

How do I know if I'm in a flood zone?

You can contact your local council or talk to your insurer. They should both be able to let you know if you're in a flood zone. You can also enter your details into the Australian Flood Risk Information Portal, which will give you a breakdown of risk within your local area.

Insurers will use the National Flood Information Database (NFID) to determine your home’s flood risk and premium. They will also take into account your home’s location, building type and claims history.

Have you been impacted by the floods?

You can head to our dedicated flood page to get help with relief, insurance, aid and much more.

Why you can trust Finder's home insurance experts

We're free

You pay the same as buying directly from the home insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.

We're experts

We've researched and rated dozens of policies as part of our Finder Awards. We provide unique insights and our in-house experts regularly appear on Sunrise, 7News and SBS News.

We're independent

Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of home insurance brands, making it easier for you to find a good deal.

We're here to help

Since 2014, we've helped 150,000+ people find home insurance by explaining your cover options simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

Frequently asked questions

• What happens if I find mould damage after a flood?

  Let your insurer know. If you’ve already made a claim for a flood event, see if they’ll cover the mould damage as well. There are no guarantees since mould is generally excluded from cover, but if it’s a result from an insured event, you may be in luck.

• Is my home covered for rain and storm damage under flood insurance?

  The vast majority of home insurance policies will already include cover for rainwater and storm damage, even if you don't have flood insurance specifically.

  There will be some exclusions – for example, gradual seepage or slow leaks – but generally, damage from rainwater will be included in your standard home insurance policy.

• How do I know if my home insurance policy covers flood damage?

  Some insurance companies will include flood damage as standard, but others only offer the cover as an optional extra, which you will have to pay more for.

  If you're not sure whether you're covered for flood damage, check your PDS carefully or contact your insurance company directly to find out.

• Should I get flood insurance if I'm a renter?

  As a renter, you normally won't need to purchase home insurance. However, if your property is at risk of flooding, make sure your contents insurance includes flood cover and that you have a high enough sum insured to protect your belongings.

• How do I prepare my home for a flood?

  There are a few things you'll need to do before, during and after a flood. Check out these checklists to help you better prepare.

• Does car insurance cover flood damage?

  Flood cover is included in most comprehensive car insurance policies. Like home insurance, if you keep your car in an area prone to flooding, your premiums might be higher.

  There is also likely to be a waiting period, which means you won't be covered for any flood damage that occurs within the first few days after purchasing your policy. However, the exact time period varies between insurers.