Homeowners warned over flood insurance Homeowners are being warned that unexpected exclusions in a new Government scheme mean that those living in certain types of property could be left without access to affordable flood insurance. An alliance of organisations from the property industry, along with the Council of Mortgage Lenders (CML), last week warned that several exclusions in the types of property to be covered by the Flood Re proposals could leave millions of homes unable to get affordable flood cover. The concerns were raised ahead of the second reading of the Water Bill, due to take place in the House of Lords tomorrow. Both the British Property Federation and CML have urged the Government to reconsider its plans, claiming the current proposals will negatively impact a huge proportion of households and the industry. The Sunday Telegraph, Money, Page: 2 Sunday Express, Page: 7
Posted on: Sun, 26 Jan 2014 09:17:14 +0000
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