The catastrophic flooding in Queensland and New South Wales (NSW), which is expected to trigger a “devastating wave” of underinsurance, has severely damaged or wiped-out homes and infrastructure.
However, WoodSolutions (WS), managed by the Forest and Wood Products Australia Limited (FWPA), said all might not be lost.
WS, designed to provide free information about timber and wood products to professionals and companies involved in building design and construction, said wood is increasingly expensive to replace. However, the firm has provided tips on how to salvage waterlogged timber, which include:
Read more: Westpac warns Australians of insurance scams after catastrophic floods
Aside from seeking flood-damaged timber that can still be reused, Australians affected by the catastrophic flooding in Queensland and NSW should look out for scammers taking advantage of people's goodwill.
Early this month, Westpac claimed that scammers set up fake donation sites and posed as relief funds for people impacted by the extreme weather event in the two states.
“Time and time again, following a significant event or natural disaster, we see an increase in people being duped by scams, for example, after the devastating 2020 bushfires,” said Chris Whittingham, general manager of fraud prevention and financial crime at Westpac, as reported by 9News.
Westpac advised people to be on high alert to the possibility of scams and determine if the websites and organisations that set up relief funds are legitimate before donating and sharing personal information. For affected businesses, the bank advised its business customers to register for PayID to ensure they are sending money to a legitimate account.