Dear All

Cover for millions of properties could be compromised after June 2012 as the government and the insurance industry struggle to agree a new strategy for paying for flood protection.

The existing agreement whereby insurers pay for homes at risk runs out on July 1st 2013 and millions has been cut from the budgets to improve sea walls and river banks.

Insurers argue that that this is a national concern and agreement needs to be reached soon to protect thousands of homeowners. Premiums are already high in these areas and the concern is that no other insurers would offer this protection.

We await the next moves in this ongoing saga.

Regards

Mike