What impact will the storms and floods have on premiums?
No one knows as yet. Many flood alerts are still in place. But even the highest estimates of damage so far are around £300 million, whereas the Great Storm in 1987 cost £1.4 billion. Insurers, like Legal & General, stress they take a long-term view. All the same if weather patterns are changing, high risk areas are bound to face higher premiums. Association of British Insurers (ABI) Guide to Buildings Insurance for Home Owners 0207 600 3333, or www.abi.org.
