Product category:
General insurance
News Release from: Moneysupermarket.com | Subject: Home insurance
Edited by the Insidemoneytalk Editorial
Team on 20 June 2008
moneysupermarket.com comments on the
ABI's calls for more action to reduce
flooding
Commenting on the ABI's calls for more action to reduce flooding, Andy Leadbetter, head of home insurance at price comparison site moneysupermarket.com, said:
"The report out today is another call for the Government to step up its efforts to reduce flood risk and this time the ABI is acting as town crier It has been one full year since floods hit Britain and homeowners are already finding it difficult to find affordable and competitive insurance cover, especially if they have made a claim for flooding
"DEFRA announced yesterday the Environment Agency will be responsible for all forms of flood risk management throughout the country.
However, adequate funding to increase flood defences in high risk areas is essential, as without this insurers will have no choice but to hike premiums for vulnerable homeowners or even simply just wash their hands of them and stop insuring these areas altogether.".
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