Insurance premiums up 500% in flood areas, MP says

Flooded farm house

Diana Johnson MP has claimed that homeowners in flood risk areas have seen insurance premiums rise by up to 500% and called for a review looking into the cost.

According to the BBC, the Hull MP also claimed that homes in some flood risk areas had been refused cover.

The corporation quoted the MP as saying: "People feel really angry. I've had people on Bransholme telling me that they've now got insurance quotes of over £1,000 for their properties to be insured. Excesses have gone up to about £3,000 and in one case - £6,000.

"So there's quite a lot of evidence of the insurance market in Hull not being open."

She added that she was "really worried" the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Biba Conference 2024 countdown: CFC’s Pat Brice

As we continue our Biba Conference series, Pat Brice, distribution director at CFC, promises socks on its stand, and reflects on the post-pandemic buzz of the event, encouraging first-timers to step back and absorb their surroundings.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: