As parts of south-east Queensland begin the clean-up efforts and assess the damage to their homes amid the flood crisis, insurance claims are flooding in.

There have been 47,000 claims lodged with insurers, around 38,000 from Queensland.

CEO of Insurance Council of Australia, Andrew Hall, said the estimate that the insurance bill could hit $1 billion could be accurate.

Most policies have flood cover and storm damage, he said.

“I am always concerned about non-insurance or under-insurance in this regard,” he told Scott Emerson.

“It’s a very challenging aspect to flood, flood is the most expensive disaster that can happen.”

He said tenants of rented properties should be talking to their landlords.

He predicted the rental market would be even tighter, with the number of displaced, flood-impacted Queenslanders.

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Image: Bill McDonald