Axa: lack of flood deal could ruin housing market
Hundreds of thousands of homes will be “unsellable” unless the government secures a deal on flood insurance, Paul Evans, chief executive at Axa UK, told The Independent on Sunday.
Evans warned that once the Statement of Principles expires, insurance premiums in high risk areas could reach £30 000, which, unaffordable for many, could prompt homeowners to do away with insurance
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