Time for Government and the insurance industry to ditch the so-called ‘unfettered free market’ and agree a new scheme
The National Flood Forum is asking everyone to sign an e-petition on the Government website: “People need Flood Insurance”. The petition calls on government “to take immediate action that will ensure flood victims and flood hit communities can obtain affordable flood insurance after 2013, in the interests of individuals, communities and the national economy.”
Chairman of the Flood Forum, Charles Tucker said “Government and the insurance industry have been talking about a replacement for the “Statement of Principles” now for over two years – and these talks are still nowhere near a conclusion . . . It’s time for Government and the insurance industry to stop arguing and agree a new scheme. Flood-hit households need reassurance that they will be able to get affordable flood insurance in future.”
The “Statement of Principles” runs out in June next year and 200,000 households may find themselves unable to get flood insurance if there is no agreement on a new scheme.
Over 7000 homes have flooded since June, according to the Environment Agency’s most recent figures. Every one of these can now expect a hike in their premiums – and in some cases insurance may be withdrawn.
The full text of the e-petition:
“People need Flood Insurance”
We call on government to take immediate action that will ensure flood victims and flood hit communities can obtain affordable flood insurance after 2013, in the interests of individuals, communities and the national economy.
Households that have flooded and those reckoned to be at high flood risk face massively increased insurance costs in a free market, as premiums rise to reflect individual risk.
Insurance underpins the security of people’s homes and their value. The end of the “Statement of Principles” in 2013 threatens an unfettered free market that could leave 200,000 homes unable to get flood insurance. This would
– Decimate the value of homes, possibly making them totally unsellable
– Blight the health and wealth of individuals and whole communities
– Blight local economies, particularly housing markets and small businesses
– Blight the lives of older and vulnerable people, who may never recover fully from flooding”
For further information contact:Amanda Davies Tel 01299 403101 Amanda.firstname.lastname@example.org Charles Tucker, Chairman Telephone: 01386 462441 Charles.email@example.com Paul Cobbing, Chief Executive Mobile: 0777 3355 181 Email: firstname.lastname@example.org
The National Flood Forum is a charity dedicated to supporting and representing flood risk communities. It helps people to recognise, understand and reduce their flood risks and also helps people to recover if they have been flooded. The National Flood Forum also works to ensure that the needs of communities are fully recognised by Government, Environment Agency, local government and the insurance industry.
The National Flood Forum provides a range of help and services. For example, anyone can call our helpline for advice on flooding issues– 01299 403055, or visit our website – www.floodforum.org.uk.”