Summary:
The increased levels of flooding in the past five years, have made numerous homes uninsurable. This article looks at the new proposals the government has arranged with insurers to permit  more homeowners to acquire home insurance quotes . However, there will be certain people that still cannot get it.

Thousands of homeowners will still be able purchase invaluable insurance against flooding. It has been that insurers have come to a deal with the government after they consigned to a continuing flood protection deal. 

Under the agreement, insurance companies have guaranteed to give protection to all properties deemed to have a dangerof less than one in seventy five from flooding.

On condition that plans are in place to lessen the risk to a tolerable level within the coming five years, insurers will continue to make cover accessible to existing small business customers and domestic. The Environment Minister said that to realise these plans the government has consigned itself to a long term 30 year strategy to improve flood fortifications.
The government intends to remodel defences and urge householders to safeguard their homes would mean that an existing statement of principles agreed by insurance companies could conclude in 2014.

This deal comes over a year after floods hit areas of Hull, Gloucestershire and the Midlands. These floods caused 180,000 claims for flood-harmed homes, businesses and cars. Payouts from insurance companies came to a stunning 4 billion pounds.
The Minister told BBC World Service Today programme: “The insurers very logically said that it is essential to have a long-term plan – 25 years is the figure that we are proposing.

“We are examining coastal flooding and surface water flooding as well as river flooding, to check that the enlarged investment that we have, is continous in the long term.”

Then again, the Minister omitted to say how many houses may fall outside the 1 in 75 risk range and be graded as not impregnable against floods, saying just: “That is not for government to announce.”

He also said how imperative it was that the Environment Bureau makes use of its new powers to stop any new housing or industrial developments that may be at risk from flooding. He also said that life assurance companies  were now ready to provide better premiums to householders who take steps to make their homes durableagainst the prospect of swelling flood waters
He added: “What has altered is the climate change forecasts that the scientists are giving us – that the severe weather conditions are going to mushroom in the next 15 – 20 years.”That requires a long-term plan … It is something we have been negotiating with the insurance companies. They, quite rightly, want to have promises that houses are protected and we, quite justifiably, want to do that anyway.”

The Chairman of the Association of British Insurers (ABI) said the deal would ensure flood reinforcement stayed widely available to householders.
“This deal is superb news for everybody in jeopardy of flooding,” he added. “We are happy that the government recognises that a long-term investment scheme, adequately funded, is the most successful way to handle the growing flood danger.”

The ABI had formerly cautioned that more than half a million properties might become uninsurable, unless the government invested more in our flood defences.

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