organization of British Insurers says average payout for domestic claims is £50000 – a rise on last year – but total cost will be less than half of 2007 floodsThe final bill for the flood damage caused by this winter’s storms is likely to reach £1.3bn,the organization of British Insurers (ABI) has said. The figure covers damage caused to homes, businesses and motor vehicles by storms Desmond, or Eva and Frank during December and over the recent year.
The ABI said that nearly £24m of emergency payments had already been made to households and businesses. More than 3000 families are now in alternative accommodation while their homes are being repaired. Related: Claims flood defence spending up 'essentially meaningless' Continue reading...
Source: theguardian.com