Motaquote launches new flood risk product
Welsh firm targets homeowners at high risk
Welsh based broker Motaquote has announced it is expanding its home insurance portfolio with a new flood risk insurance product targeting homeowners at high risk of flooding.
The decision followed an announcement from the Welsh Assembly Government stating its intention to invest £13.3m for new flood defence measures in east Wales.
According to research from the Environment Agency, one in six properties in Wales, or a total of 357,000, are at risk of flooding. Motaquote said this translates to
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