Tuesday, January 11, 2011

Do you live on a floodplain?

Homeowners living near rivers and the coast face losing up to 40 per cent of the value of their homes as flood risk makes them uninsurable.

More than a million homes and 300,000 businesses are at risk, including those in parts of London, Southend, Brighton, Reading, Birmingham, Nottingham, Liverpool, Manchester, Hull, Middlesbrough, Blackpool, Glasgow and Edinburgh, the Environment Agency says.

Rise in flood risk could make one million homes uninsurable

HT Climate Portals via Facebook

In the US, the federal government provides flood insurance... at a cost of course.

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