With the shocking loss of life and property following the bush fires last weekend, it is clear that the country needs well funded fire and emergency services.
It is now more necessary than ever to reconsider the method of funding. The 18th Century model used in Victoria, New South Wales and Tasmania of insurers meeting the lion’s share is no longer suitable. The cost must be met by all in the community, not just the prudent and risk averse.
By taxing home and business owers’ up to 97% of the base premium in taxes pushed the cost of insurance to the point where many consciously under insure or do not insure at all. This in turn clearly leads some to stay and try and fight the bush fire when they are ill-equipped and untrained. Some, by their very nature would do this no matter what insurance they had, but others feel they have no choice.
To learn more on the high level of taxation on insurance go to www.NoTaxOnInsurance.com.au
