Flood InsuranceThe Statement of Principles agreement between UK insurers and the Government expired in June 2013 but has been extended until June 2015 so that work can be undertaken to offer insurance cover, at a reasonable cost, to the majority of properties in high risk flood areas.

There is still a lot of detail to work through, but there is an agreed framework in place and assuming various implementation issues are resolved, the aim is for it to be in place for June 2015.

More details will follow but in the meanwhile if you have any questions please contact our Private Clients Manager Graham Ash, or for more information visit the ABI website.

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