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UK: Flood insurance cover does not protect thousands of new homes

Source(s):  Guardian, the (UK)

By Josh Halliday

Tens of thousands of families who bought new homes in flood-risk areas are facing “crippling” financial costs, as they are ineligible for cover under a government-backed insurance scheme, a study has found.


Homes built after 1 January 2009 are not eligible for insurance under Flood Re, a government scheme launched in 2015 with the aim that about 350,000 homeowners would have access to affordable cover.


The thinktank said the government had not done enough to inform new-build homebuyers of their flood risk over the past decade and should step in to help. Helen Jackson, the author of the report, said: “Government policy over the past decade has seen individuals as entirely responsible for finding out their flood risk, but obviously many are simply not aware.


A government spokesperson said: “Local authorities have a responsibility to assess the number of homes their communities need and have the final say on planning permissions for new developments. However, flooding risk should always be a consideration to ensure building takes place where this risk is lowest.


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  • Publication date 21 Feb 2020

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