Progress on affordable flood insurance [electronic resource]
Progress on affordable flood insurance [electronic resource]
- London DEFRA 2012
- DEFRA News Release 11 July 2012 .
The UK Government and insurance industry are continuing to make progress towards a new agreement for the future of flood insurance. The new approach aims to improve upon the current agreement as most insurance companies already raise a small sum from policy holders to cover the cost of insuring homes at high risk of flooding. The insurance industry has asked the government to formalise this arrangement so all households can continue to get affordable insurance.
The UK Government and insurance industry are continuing to make progress towards a new agreement for the future of flood insurance. The new approach aims to improve upon the current agreement as most insurance companies already raise a small sum from policy holders to cover the cost of insuring homes at high risk of flooding. The insurance industry has asked the government to formalise this arrangement so all households can continue to get affordable insurance.