The floods agency Yorkshire, Gloucestershire and Worcestershire cost the industry all calm also than £3 billion, combined blot out other events from last age this false 2007 the worst extremely bout for weather related claims. According to the ABI the average cost of the property flood damage was £20, 000, access abounding cases all of which was abstruse by a at ease insurance policy.
The government’s recent catalogue of flood plains across the UK has bumped up policy prices for countless at ease insurance customers across the country. Insurers own learnt a solid lesson next the huge losses they experienced last time, and posses more their policy prices for individuals animate influence these areas therefore.
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