At last the talks to ensure universal flood cover is available to UK properties have resumed after suffering an impasse. These talks are vital as the Government needs reminding that without the correct flood risk house insurance in place your property will be essentially worthless. Buying and selling properties via a mortgage will be near impossible.
Especially as around five million properties have some form of flood risk with 200,000 at a significant risk. These homeowners need to know that they will be able to access house insurance for flood risk areas not just now but also into the future.
The current agreement will finish next June and direction for the future is necessary from the government and the insurance industry otherwise the property market in large areas of the country could come to a standstill.