Earlier this year we reported on the Statement of Principles, an agreement reached between the government and the ABI in 2008 that ensured that homeowners and small business had access to affordable flood cover. It was due to expire in June 2013 and at that stage there was no indication as to what would happen next.
We provided guidance to brokers in the market as to what to look out for at renewal and the steps that should be taken to help clients maintain cover and reduce premiums.
June has come and gone, so what happens next?…
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