Commercial flood victims missing out on £300m rate relief
Commercial properties affected by the recent floods could be losing out on up to £300m in rate relief, according to building, property and facilities management specialists, Johnson FM.
Johnson FM’s managing director, Kevin Elliott, said that the 15,000 or so commercial flood victims could claim back their rates via local authorities, citing ‘hardship’ – which, while not specifically defined in law, includes properties affected by floods where stock was not removed.
The Company operates on a ‘no win, no fee’ basis and has already secured rebates for 50 flood-damaged properties. With settlements averaging £20,000 per claim, Mr Elliott said he was keen for the insurance industry
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