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Flood waters raise fears over home insurance
Posted by Guardian: Lisa Bachelor on September 26th, 2012
Guardian: In a week when hundreds of households have had their homes swamped by water, a war of words has broken out between the government and the insurance industry over paying for affected properties.
Householders in flood-risk areas should by now have the peace of mind of knowing their properties are still insurable under an agreement between the government and the insurance industry.
However, although that agreement was supposed to have been finalised in the spring, the two parties have failed to...
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Flood insurance: Residents left high and dry as last low-cost insurer gets out
Posted by Guardian: Lisa Bachelor on March 3rd, 2012
Guardian: Householders in flood-hit properties have been dealt a further blow in their battle to get insurance as one of the last remaining insurers willing to offer them cover has changed its stance.
Sainsbury's Finance offered low-cost insurance to homeowners and tenants whose properties had previously been flooded, whereas dozens of other major insurance companies turned them away. According to the National Flood Forum, a charity offering advice and support to communities and individuals at risk of flooding,...