Good News on Flood Insurance

Some good news for the flood survivors of Freuchie, and other areas of Fife and Scotland affected by flooding, came yesterday when the Scottish Government and the insurance industry reached a joint agreement that will give homes and businesses greater protection.

The Scottish Government and the Association of British Insurers (ABI) have agreed to work together to minimise the flood risks and to help people quicker when flooding occurs.

Read the full announcement here.

Editorial Comment:
This is a very welcome development as the recent withdrawal of the previous agreement between the UK government and the insurance industry could have resulted in major problems with obtaining affordable insurance in a flood risk area.

Additionally, this should improve the current situation where most flood survivors are traumatised by the flood event, but then face ongoing stress and frustration from dealing with the insurance industry and their service providers, more particularly the assessors, builders and project managers. This press release from the National Flood Forum covers this subject in  more detail.

It will also make for a controversial talking point in our forthcoming talk from the Association of British Insurers… more details of the talk coming soon.

We will be watching with interest to see how this translates into affordable policy renewals and the on the ground delivery of services from local authorities, the insurance industry and the service providers involved in the clear-up and reinstatement work that follows a flood event.

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