A Charles Sturt University (CSU) academic says the recent wide-spread floods in Australia demonstrate the importance of home owners understanding whether their home and contents insurance covers damage caused by flooding. Senior lecturer in law at the CSU School of Accounting, Dr Bede Harris, says, “In many parts of Australia, insurers do not offer flood insurance because the risk is too great, and even where flood insurance is offered, the premiums tend to be high. The type of risks a policy-owner is covered for depends entirely on the wording of their policy, and this can differ from insurer to insurer.” Dr Harris also emphasizes that it is important to note that insurance policies distinguish between damage caused by rising waters (flood) and falling waters (for example, rain leaking through a roof). “In those cases, coverage will depend on what the immediate cause of the damage was,” Dr Harris said.