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Oral question asked in the House of Lords, by Lord Watts (Labour). It was answered on Thursday, 1 December 2016.


Flood Defences

Question

My Lords, will the Minister resist any suggestion that the insurance companies should make a contribution for flooding, bearing in mind that any contribution made would lead to higher premiums in areas that already have higher premiums than those affected by flooding?

Answer

My Lords, I understand what the Lord said. The whole purpose of Flood Re is precisely to give householders—53,000 home insurance policies are now backed by Flood Re—the benefit of affordable insurance, but I am grateful to the noble Lord for his comments.


Secondary information

Type
Oral question
Reference
777 c317 
Session
2016-17
Oral question type
Supplementary
Chamber / Committee
House of Lords chamber
Subjects
Farms Insurance Floods Small businesses Flood Re
Link
View this Oral question on hansard.parliament.uk