An estimated seven million homes remain excluded from the Flood Re insurance obligation, including 1.1 million leasehold homes, and three million homes in urban areas. Propertymark has long held the view that the scheme should be extended to cover the leasehold and private rented sector.
The independent review was set up by the UK Government following reports that many of those affected by the flooding last year in November 2019 did not have insurance cover.
Flat owners, private rented sector landlords, and renters are recognised as householders, and as such should get the same guarantee as those who own their properties. Propertymark’s response to the Flood Insurance Review, in July 2020, explored the issues which arise when floods affect properties and their residents.
The review looked for views on how to ensure housing and other property developments can become more resilient to flooding, three main concerns are prevalent
Continue reading this article at https://www.arla.co.uk/news/august-2020/propertymark-responds-to-flood-insurance-review-2020.aspx