Approximately 200,000 U.K. homeowners face fears over a struggle to adequately insure their properties after the flood insurance agreement ends in 2013. Since 2000, the Provision of Flood Insurance Statement of Principles has been continuing an agreement between the Association of British Insurers (ABI) and the government. It states that homeowners’ insurers must make flood insurance as accessible as possible to residents of the U.K. This has make homeowners’ insurance available to customers who are living in regions with a high flooding risk. However, this agreement will end as of…
Read MoreTuesday, February 27, 2024
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