AA Insurance's decision to stop offering new home insurance policies in Westport due to flood risks has prompted discussion about the future of climate-based buyouts.

There's been debate over whether the Government will fund buyouts for homeowners living in areas at risk for weather damage, with many experts ruling the move as unlikely. 

Finance Minister Nicola Willis says there's a Natural Hazards scheme in place for homeowners impacted by flooding or landslides - and it's important to ensure people have the right insurance measures in place.

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