Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Spending cuts put flood insurance at risk

  • Comment

Millions of householders in flood risk areas face the prospect of being unable to insure their homes against flooding without continued public investment in flood risk management, the Local Government Association has warned.

The LGA said that an agreement between the government and the insurance industry, which is set to expire in 2013, currently allows homes and businesses in flood risk areas to purchase insurance cover, “so long as the government is doing its part to mitigate the risks”.

The LGA warned that the insurance industry could refuse to offer affordable insurance cover if public spending cuts meant it did not have confidence that sufficient resources were being invested in flood defences.

Gary Porter

Cllr Gary Porter (Con), left, LGA Environment Board chairman, said: “The government has made it clear there are going to be deep cuts in public spending. But there is a real danger that if sufficient resources are not put into managing the risk of flooding millions of households could find themselves in the awful position of being unable to insure their property against the risk of floods.

“We all remember the destruction that the 2007 floods caused. It is absolutely imperative that the government does all it can to reduce the risk of it happening again and that if it does, ordinary people are not left to fend for themselves.”

One in six properties in England and Wales is currently at risk of flooding and spending on flood risk management will need to double to £1bn per year by 2035 just to maintain the number of properties currently protected from flooding, the LGA said.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.