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Posted on Wed, February 01, 2012 by Simon Bayliss

Online House Hunter: Rising concerns

By Alan Cleaver

Property 'The Independent'

I WROTE a while ago about about flooding in the England and Wales (and my thanks to Andy Stevens for a link to that ‘foreign land’ of Scotland and its flood risk map!) Flooding is back in the news again today with the Public Accounts Committee wading in to the argument over who is responsible for flood protection.

Of more acute interest to homeowners are the scare stories that 200,000 homes will shortly struggle to get their homes insured against flood. There is currently a government agreement with the Association of British Insurers about insuring those areas at highest risk of flooding. That doesn’t run out until June 2013 but it becomes critical in July of this year of course because people will then be asking for 12 months’ insurance.

The ABI point out that the UK is relatively unusual in the world in offering flood insurance as part of an overall property insurance but it’s become an integral part of the house-buying process. Continued via 'The Independent' ...

flood1 300x200 Online House Hunter: Rising concerns

The need to tackle flooding and insurance of homes is a growing concern.



 
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