Home insurers to deny cover

Story link: Home insurers to deny cover

In the very near future, homeowners being denied cover for their properties is likely to be become very prominent in the home insurance market. Although we feel it’s home insurance companies duty to serve us, they simply can’t survive financial paying out all the flood claims every year.

Home insurers to deny cover

Tougher planning controls are needed if flood insurance is to remain widely available for new homes, an insurance trade body warned today.

The Association of British Insurers (ABI) said a third of the three million new homes the Government planned to build by 2020 would be on a flood plain.