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Property industry predicts millions will be excluded from Flood Re

Europe flooding

Property industry leaders and the Council of Mortgage Lenders have said exclusions to Flood Re will leave millions of homes without access to flood insurance despite assurances from the Association of British Insurers that no more than 10 000 properties would be ineligible.

In a statement, the British Property Federation said: “With almost five million leasehold properties thought to be in England and Wales and over four million homes in the private rented sector, this

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