The price of coverage is expected to soar in areas where floods are known to occur. Properties that are located in areas that are at risk of flooding in Scotland could soon be facing a considerable increase in the cost of their homeowners insurance now that a deal that had been in place to guarantee affordable protection is nearing its expiration date. Homes impacted by the winter floods, recently, or that are located in areas of increased risk are being cautioned. The next time that homeowners insurance policies are renewed…
Read MoreHomeowners insurance premiums expected to skyrocket in some U.K. regions
