The cost of home insurance could skyrocket, making some homes in the Sunshine State “uninsurable” under new modelling by the Climate Council.

By 2030, it’s forecast almost 200,000 houses may be deemed “uninsurable”, as in the policies would be so expensive most Australians couldn’t afford it.

CEO of the Insurance Council of Australia Andrew Hall says they are also concerned about properties in harm’s way, particularly in Queensland.

He says the February floods were the most costly in Australia’s history, sitting at $3.3 billion in insurance claims.

“We’ve got to make sure we are building them in the right way in the right locations,” he told Scott Emerson.

He says mitigating or reducing the risks will require work from all levels of government.

“We welcomed recently the Queensland and federal government agreeing to the $700 million package after the floods,” he said.

“That needs to go into resilience and mitigation, we need to go suburb by suburb to understand which of the homes are always flooding, which are the ones that need either adaption changes how they are built, lift them up higher or relocation, and enable them to move houses.”

Press PLAY below to hear more about insights into the predicted insurance affordability crisis