The "ridiculous" cost of flood insurance in Yenda could be set to drop dramatically, in what is being described as a potential "godsend" for the local community.
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Last week, Griffith City Council adopted updated flood maps for Yenda, which show that recent flood mitigation works have improved how the region would handle a potential flood.
Yenda residents have had to pay expensive insurance premiums since the devastating 2012 floods but council has said it is "very confident" this update will bring these costs down.
President of the Yenda Progress Association (YPA) Kay Pellizzer said if the update reduces these premiums, it will be a huge win for residents.
"If we get this through and the Insurance Council of Australia passes it, it'll be a godsend," Mrs Pellizzer said.
In the years after 2012, Mrs Pellizer talked with residents who were being asked to pay up to $8000 in flood insurance, forcing many to go without it altogether - despite living in a township which had just been decimated by a flood.
"The prices went up astronomically and a lot of people weren't even going to get flood insurance because they just couldn't afford it," she said.
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The Progress Association president says her attention is now on the Insurance Council of Australia and whether or not they will accept the new flood maps.
YPA secretary Paul Rossetto is somewhat more critical and has expressed concerns that recent flood mitigation works haven't done enough to stop a heavy flood hitting North Yenda.
In particular, he fears flood waters over 2.3 metres high will be able to breach the preventions put in place and seriously impact the township.
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