BIBA gives caveat to ABI agreement
The British Insurance Brokers’ Association (BIBA) has welcomed the agreement between Government and the Association of British Insurers (ABI) to ensure flood insurance remains widely available. Despite this, BIBA believes that there are still properties that will be excluded from this agreement and will need specialist advice from an insurance broker.
Properties which have an annual probability of flooding greater than 1 in 75 (1.3%) and are not due to have flood defences improved within the next five years will not necessarily be covered by the
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