Promoting financial resilience to emergencies through home and contents insurance

Details

What is this about?

This strategy will support the Victorian community to understand the importance of home and contents insurance as a key pillar of their financial resilience and emergency preparedness. It identifies five actions, focusing on home and contents insurance to increase Victorians’ financial resilience to emergencies.

The actions include a public communication campaign, developing accessible insurance information, engaging directly with the community through emergency preparedness and financial resilience workshops and gaining a greater understanding of the structural barriers to home and contents insurance for low to middle income households.

Who is this resource for?

• Local Government
• Community Service Organisations
• Non Government Organisations
• Community Recovery Committees

Table of contents

Foreword

Introduction

• Resilient communities are safer communities
• Building financial resilience through home and contents insurance
• The challenge of non-insurance and under insurance in Victoria

An integrated and collaborative approach

Outcomes

Actions

• Action 1: Communications Campaign
• Action 2: Financial resilience toolkit for emergencies
• Action 3: Education and awareness raising
• Action 4: Community workshop pilot
• Action 5: Targeted research

Implementation

Reporting and evaluation

• Monitoring and measuring impact
• Reporting