Flood cover for your home
It might not be very likely to happen, but if it does, it's nice to know we've got you covered.
Which AAMI home policies include flood cover?
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How much does flood cover affect my premium?
We consider the likelihood and severity of potential flooding at the insured address. The higher the impact, the larger the effect on your premium.
How do you determine what my level of flood risk is?
We've invested a lot of time and resources researching all areas of Australia to map flood prone areas and assign risk estimates to them. We're able to assess the specific level of flood risk your individual property is exposed to.
Can I remove it?
Flood cover is automatically included and cannot be removed from your policy. If you have removed flood cover from an existing policy, your certificate of insurance will show this limitation in your cover.
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What do you mean by 'flood'?
Basically, it means a large amount of water overflowing beyond its normal limits over dry land.
The Federal Government's legal definition of flood is 'the covering of normally dry land by water that has escaped or been released from the normal confines of any lake, river, creek or other natural watercourse, whether or not altered or modified; or any reservoir, canal or dam.'
It doesn't mean:
- Heavy downpours of rain (unless they actually cause a 'flood')
- Sea or ocean movements (such as storm surges, high tides or wave action)
- Tsunamis (which may be covered as 'earthquakes')
The advice on this page has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it.
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Victorian State Emergency Service
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AAMI has proudly supported the Victorian State Emergency Services since 2002, contributing millions of dollars in equipment and tools to support their work.