Social housing tenants may be at risk of not having adequate
home insurance cover according to a report.
The Guardian claims that insurers are reassessing flood premium costs in the wake of recent events which might leave some at risk if they are unable to afford cover or are unwilling to purchase it.
Insurers now have to decide how they are going to deal with future threats from flooding, the newspaper reports, including making a decision on whether protection from flooding should remain part of standard home insurance.
A report from Pitt says that those who have social housing contracts should have
home insurance premiums included in the rent they pay on their property.
There has been "mixed experience" of insurers' response to the UK floods with some reporting their insurance company was "absolutely fantastic" with others claiming there had been no actions for four months after the floods.
Most insurance policies in the UK offer flood insurance as standard but those who live in areas deemed at risk from flooding may still find getting insurance more difficult or more costly.
In related news, the Guardian has recently reported that many claimants are struggling to cope with paying their insurance excesses after the floods. A 67-year-old man from Hull is apparently being asked to pay the first £10,000 of his claim, it reports.
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