Letter about increasing insurance premiums.........
At the beginning of this decade the Environment Agency spent £110 Million of taxpayers money on the Maidenhead and Windsor Flood Relief Channel (renamed the Jubilee River). This was designed to protect properties close to the River Thames between Maidenhead and Windsor. In the Thames floods of 2004 and 2007 it did its job perfectly. However, from this year, insurance companies are using the most recent EA flood maps which show flooding risks in areas as small as 50 meters squared.
My own insurance company has told me that in the next 4 or 5 years my premium will increase 4 or 5 fold. I am left wondering how taxpayers have benefitted from the expenditure of £110 Million of their money.
Brian, Maidenhead
Letter extracted from BBC Money Box 'Have your say: Flooding and Insurance' - 20 November 2009
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