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You are here: Home / News / FT quotes LKP’s leasehold figures in flooding report

FT quotes LKP’s leasehold figures in flooding report

February 11, 2014 //  by Sebastian O'Kelly

FTfloodingThe Financial Times refers to figures on the leasehold sector supplied by LKP in its report on flooding insurance.

The article was written by insurance correspondent Alistair Gray.

It reads

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail.

 Tens of thousands of leasehold properties face being left without affordable insurance because they will be excluded from a new national flood subsidy scheme, the property industry has warned.

Estimates from the British Property Federation and the Leasehold Knowledge Partnership show 70,000 leasehold properties are at high risk of flooding, leaving them exposed to potentially big rises in premiums and excess levels.

Ian Fletcher, the federation’s director of policy, accused the insurance industry of making “misleading” claims about leasehold properties’ inclusion in the Flood Re scheme.

The remainder can be read here

 

Related posts:

Homeowner in Kingston gets £6,000 leasehold insurance premium, with an £10,000 excess if he is flooded LKP urges minister to include leaseholders in Flood Re insurance plan Default ThumbnailLeasehold left out of government Flood Re insurance scheme Daily Express reports Leasehold Knowledge Partnership involvement in Flood Re Default ThumbnailCommons told of LKP leasehold figures

Category: News, PressTag: Financial Times, Flood Re

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