Insurance quotes have soared as as a result of regular flooding over the last three years.
The Government "must act fast" to support residents at flood-hit flats who are facing sky-rocketing insurance bills.Coton Manor, a block of 68 apartments in Coton Hill, Shrewsbury, is regularly devastated by floods, and residents have told how their insurance costs have soared in the last three years after repeated weather disasters.for the block. When she and partner Tommy Fountain bought their top floor flat, the insurance was around £19,000.
Last summer, the Government announced a new £100 million Frequently Flooded Fund, which will provide support to people whose homes and businesses are regularly hit by floods. “No announcement has yet been made by Government on the projects that will benefit from the allowance.” "This year, many are facing a more existential issue with insurance companies holding residents to ransom ahead of what could be more flooding in February.
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