What will happen after June 2013?
The Scottish Government and the ABI are committed to ensuring that flood insurance remains as affordable and widely-available as possible. It is anticipated that by this time, the provision of affordable flood insurance will have become a matter of course. Q: My insurer is refusing to renew the flood coverage part of my policy A: Under their obligations as members of the ABI, an insurer cannot do this. : Insurance premiums will go up when SEPA identifies me as living in a flood risk area A: SEPA’s flood maps should have no influence on insurance premiums.
The Scottish Government and the ABI are committed to ensuring that flood insurance remains as affordable and widely-available as possible. It is anticipated that by this time, the provision of affordable flood insurance will have become a matter of course. Q: My insurer is refusing to renew the flood coverage part of my policy A: Under their obligations as members of the ABI, an insurer cannot do this. Q: Insurance premiums will go up when SEPA identifies me as living in a flood risk area A: SEPA’s flood maps should have no influence on insurance premiums. The current licence under which interested parties, such as insurance companies, are able to gain access to the flood map does not allow them to use it for commercial purposes (e.g. to adjust their premiums). Some insurance companies already possess their own flood map which they use to assess flood risk in the UK.
