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Wednesday 3 July 2013

Cap home insurance flood risk benefits


Insurance against flood damage will be limited to know the connection with a slice of council tax for people, how much you pay.

The insurer will have to pay a fee to the fund to pay the claims of people with a high risk of flooding.

Ministers when dealing with insurance companies replace more "Declaration of Principles" in which insurance companies offer flood protection venture properties was locked. The old contract expires at the end of July.

While the threat of flooding in the UK has increased, and pay premiums for households in areas with a high risk of flooding has increased.

The Association of British Insurance (ABI) said that the new agreement will not raise premiums, families have to pay £ 10.50 to the cost of insurance for flood risk homes. This is money that will go into the fund.

Taken http://www.moneysavingexpert.com

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