Defaqto comments on ABI’s calls for more flood prevention

“It is clear that the Government, Insurers and Mortgage Providers must come together to find a way to balance paying out billions on flood claims against the cost of flood prevention activities. With the prospect of over half a million homes becoming uninsurable it is vital that action is taken as soon as possible.

The flooding of 2007 cost the insurance industry over £3bn, and that money comes from the premiums paid by customers. If flooding becomes more common, and the insurance industry