00:02So that's where the fire came to.
00:04Months after Paul and Denise Cameron built their home near the Blue Mountains, the 2019
00:09Black Summer bushfires hit.
00:11I think we were lucky because the fire went sort of around us rather than straight through
00:16as it did at the other end of the street.
00:19While their home was okay, their insurance premium has almost doubled in the years since.
00:24So this is our insurance for next year, just over $5,000.
00:28Over five years to October 2025, home insurance premiums have been on the rise, with data
00:35from Finiti showing that across the country, the average increase has been more than 50%.
00:40Homes in Brisbane's west now average more than $8,000 a year.
00:45For properties in Darwin City, Sydney's Outer West and Blue Mountains region, it's nearly
00:50$5,500.
00:51In the capital cities, Australians living in other parts of Darwin still pay the most, followed
00:57by those living in Sydney and Brisbane.
00:59That premium reflects the underlying risk that the insurers have faced.
01:04The Insurance Council says since 2020 extreme weather events have cost insurers more than
01:09$25 billion.
01:11And it's talking to the federal government about preventative measures.
01:14Unless we take action and adapt our buildings and also reduce risk at the community level,
01:22those two actions need to happen to ensure that we've got a functioning insurance market.
01:28I try and keep the ground...
01:30Paul and Denise did build their home with fires in mind.
01:33They were encouraged to send photos of it to their insurer and were given a discount on their premium.
01:38By about $500, which is a significant amount of mobile paying.
01:43Which have been good.
01:44A win for the Camerons, while many households stare down increasing costs.
01:48By about $500.
01:51Thebuy force of the Camerons.
01:52The Camerons.
01:52This is one of the most most production loans.
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