In article ,
says...

harry wrote in news:3b2d004a-b1b2-4e87-877b-
:

The point is it's quite likely to happen again and Baz needs to make
his house flood resistant.

No, I don,t have to at all.

The effect goes far beyond insurance, there is also property values
and saleability to tak einto account.

Baz may find he can't get insurance or can't afford it. In that event
he could find himself homeless if there was another flood.

You are wrong. I may not be insurable to new insurance companies NOW, but
my present one has to by law insure me if circumstances remain the same as
long as I carry out their essential preventative measures.

That agreement between the Government and the Association of British
Insurers (ABI)is called the Statement of Principles. It's temporary, not
permanent, and due to expire in 2013.

http://tinyurl.com/6whacto

(website of the ABI)

7th March 2012

quote

The Association of British Insurers (ABI) today warned that the clock is
ticking on the need to secure a long-term sustainable flood insurance
market in the UK. Without a new approach, the ABI estimates that up to
200,000 property owners will struggle to get affordable flood insurance
when the current flood insurance agreement with the Government ends in
June 2013.

Speaking at the National Flood Forum Conference today (7 March), James
Dalton, the ABI?s Head of Property Insurance, said:

?Insurers, the Government and groups like the National Flood Forum all
want to see a sustainable, affordable long term market for flood insurance
in the UK.

?But we are running out of time to ensure that people in high flood risk
areas can continue to get affordable flood insurance when the Statement of
Principles expires in June 2013. It is widely recognised that the current
industry agreement with the Government is unsustainable, has thwarted
choice for consumers, and is well past its ?best by? date."




Janet





Everybody needs to try to work out what could happen if there was what
we now think of as extreme weather in their area and what precautions
they can take to mitigate the effects. I have already done this to my
house.

The extreme could well become the norm.


Baz