Flood risk landlords at risk

Landlords in areas of flooding will not benefit from the latest initiative being promoted by the Government and the Association of British Insurers who have agreed a Memorandum of Understanding (MoU). 

The scheme named 'Flood Re' is meant to help people with properties in flood risk areas by the Government giving insurers support by capping their liability to prevent insurance being unobtainable.  One exemption from the proposed scheme would be private landlords.  Estimates from the RLA conclude that this could affect between 50-100 thousand landlords in the flood risk areas.

The proposals which form part of the Water Bill which is due for it's second reading in the House of Lords today Monday 27th January.

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