Continuing rises in home insurance costs for flood victims

Victims of the 2007 floods are continuing to face increases in home insurance costs, as the excess for flood cover rises to a level which is making properties very difficult to sell.

Many of these victims have said that they invested thousands in a bid to safeguard their homes from flooding . However, insurers have not rewarded their efforts.

Chief Executive Mary Dhonau, from the National Flood Forum, explained that a great number of people have been coming to the organisation with flood excesses and huge premiums of around £30,000, which is as good as not having any home insurance and would even make the property worthless.

Ms Dhonau added: Over the last year, the problem has become much worse. We are now receiving a huge number of calls from homeowners who have spent a lot of money to protect their homes, but are being refused cover or being charged very high premiums.