UK: Every home to pay price of floods | JunkScience.com

All homeowners will be forced to pay more for their house insurance to repair flood damage to properties in high-risk areas under government plans.

Britain has endured the wettest start to a summer for more than a century with up to 17 inches of rain falling in some places and forecasts that the miserable conditions will continue into next month.

Thousands of properties have been flooded with insurers estimating the cost of repairs at hundreds of millions of pounds.

Now the Environment Secretary, Caroline Spelman, has disclosed she is in talks with the insurance industry about a scheme which could add 10 per cent to an average family?s bill.

She is proposing a levy, which could be in place within months, that would apply to all home insurance policies in an attempt to raise enough money to cover damage in the aftermath of severe flooding, which can reach billions of pounds in insurance claims.

Critics claimed the proposal represented a ?stealth tax? and said it was unfair that those ?sensible enough? to live outside areas which flood should pay more.

TDT

About that ?wettest start to a summer for more than a century?:

Forecasters predict barbecue summer to rival 2003 as temperatures rocket to 27C tomorrow

Summer will arrive early tomorrow with a 17C temperature swing finally delivering sweltering highes of 27C as experts forecast a sweltering summer on a par with the record-breaking 2003 and 2006 scorchers.

TDT

Their you-beaut forecast for the following 50 days couldn?t have been much further from the fact. Tell us again how accurate their 50-year guesstimates are likely to be.

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Source: http://junkscience.com/2012/07/15/uk-every-home-to-pay-price-of-floods/

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