Insurance premiums may increase to ensure flood-hit homeowners get cover

Posted by Guardian: Jill Insley on July 10th, 2012
Guardian: UK householders face higher home insurance premiums so that those in high flood risk areas can still get cover. The Association of British Insurers (ABI) says that the insurance industry and the government are discussing a scheme to ensure that 200,000 households affected by flooding will be able to renew their policies next year. The scheme, proposed by the ABI, means a cap on premiums. Any house that would normally incur a much higher premium because of flood risk will have the extra paid......

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