Regional federation says fund designed to ensure high-risk households can obtain affordable insurance should be expandedTraders are urgent insurers to extend the scope of Flood Re,the not-for-profit fund to back households at high risk to obtain affordable flood insurance, as small business owners hit by the Christmas storms battle to preserve their firms alive.
The calls came as a main accountant said the cost of winter floods across the UK w ould top £5bn, or with about a fifth of the bill falling on those with inadequate or non-existent insurance policies.
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Source: theguardian.com