2:30pm Saturday 12th July 2008
MOVES to ensure householders in flood-zones can still get insurance have been given a cautious welcome by York’s top councillor.
The Association of British Insurers and the Government have reached agreement that ensures protection remains widely available now and in the long term.
The agreement outlines actions that both Government and
the industry will take over the long term. They include:
* Improving understanding of flood risk.
* The Government putting in place a long-term investment strategy, which will set out flood prevention aims and assess policy options and funding needs.
* Ensuring the planning system prevents inappropriate development in flood-risk areas.
* Raising awareness in areas where flood risks are significant, encouraging property owners to take sensible precautions, and providing more information about how to obtain flood insurance Promoting access to home insurance for low-income households.
Andrew Waller, leader of City of York Council and the city’s representative on the Yorkshire Regional Flood Defence Committee, gave a lukewarm response to the news.
He said: “While this is a step in the right direction, the proof will be demonstrated when everyone in York can get reasonably-priced insurance.
“I know that fellow Liberal Democrat councillor Richard Moore has worked hard on behalf of residents in Rawcliffe to overcome serious issues in terms of the price of cover, and issues surrounding new buyers being able to take up insurance.
“We will all keep a watch on this, and Government commitments to increase funding for flood defence work which must remain a priority.”
The Government and ABI hope that implementing the proposed steps will lead to a competitive flood insurance market.
Floods Minister Phil Woolas said: “The devastation caused by last year’s unprecedented rainfall has shown just how vital it is for people to be able to insure their homes and livelihoods against the risk of flooding.
“Working together we have succeeded in ensuring that flood cover is available in both the short and long term. I’m delighted that the industry has agreed to work with us to raise awareness and encourage homeowners to take steps to protect their homes where appropriate.”
Stephen Haddrill, the ABI’s director general, said: “This agreement is good news for everyone at risk of flooding.”