Posts Tagged ‘Floodplain’

Home Insurance Risk for Floodplain Areas

The insurance industry has warned that many new homes can be left in the property market and are not insurable interest if the Government will introduce a new rigid planning controls in flood zones. By 2020, one third of the proposed three million homes set to be built in England, it would be clear after the Association of British Insurers (ABI on the high tide). If this is so, the members of the ABI have warned that they may not be able to continue to offer flood cover the standard home insurance. Deputy Director of the ABI, said Justin Jacobs, “the government……
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