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  • FIRST POST
    • Former MSE Helen
    • By Former MSE Helen 26th Nov 12, 6:20 PM
    • 2,324Posts
    • 971Thanks
    Former MSE Helen
    MSE News: Insurance scheme for flood-prone homes under threat
    • #1
    • 26th Nov 12, 6:20 PM
    MSE News: Insurance scheme for flood-prone homes under threat 26th Nov 12 at 6:20 PM
    "A plan to help 200,000 homes get affordable flood insurance is on the verge of collapse..."

    Last edited by MSE Guy; 26-11-2012 at 6:50 PM.
Page 1
    • vaio
    • By vaio 26th Nov 12, 7:17 PM
    • 11,909 Posts
    • 8,837 Thanks
    vaio
    • #2
    • 26th Nov 12, 7:17 PM
    • #2
    • 26th Nov 12, 7:17 PM
    The link above talks about a 8-10 levy on the 200k at risk homes, apart from this sounding like nonsense it doesn't chime with the other reports I've seen which are talking about a 10-20 levy on ALL home insurance policies (10, maybe 15m policies?) which would be used to cross subsidise & to provide cover for the 200k at risk homes and on top of that they want the government to pick up the losses if it all goes pear shaped

    All sounds a bit rich coming from an industry which seems hell bent on increasingly narrow targeting of risk and a government seemingly in favour of letting the market decide.

    Once you take flooding out of the risk equation what's next? A levy on all policies to provide subsidised cover for punters who live in high crime areas? or drivers who make a habit of bumping into things?
    • deutsch
    • By deutsch 26th Nov 12, 7:32 PM
    • 300 Posts
    • 42 Thanks
    deutsch
    • #3
    • 26th Nov 12, 7:32 PM
    • #3
    • 26th Nov 12, 7:32 PM
    flood will be covered with a premium in 1000s and xs about the same!

    some people will find it unfair as it will just all be about the postcode!

    property prices will be effected. no one ones flood prone houses.
    • jobdone1
    • By jobdone1 26th Nov 12, 7:41 PM
    • 619 Posts
    • 481 Thanks
    jobdone1
    • #4
    • 26th Nov 12, 7:41 PM
    • #4
    • 26th Nov 12, 7:41 PM
    Insurance companies (if that's what you call them), Happy to take your money, Not so happy to pay out.
  • Peregrine_swindon
    • #5
    • 26th Nov 12, 10:30 PM
    • #5
    • 26th Nov 12, 10:30 PM
    We had a 45,000 flood claim in July 2007. When our insurance was due for renewal our premium went from 400 to 2000+.

    We spoke to a company called A-Plan Insurance in Salisbury and they managed to insure us for 600, we have been with them ever since, seeing our price rise only to about 650 after 5 years.

    Worth a try if you are struggling to find a company who understands flooded or high risk flooding properties, worth a try, on 01722 820530.

    Good luck!!!!!!!!!
  • Schofields
    • #6
    • 30th Nov 12, 4:42 PM
    • #6
    • 30th Nov 12, 4:42 PM
    The nationalfloodforum.org.uk is a good resource fot those having trouble getting insurance.
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