32nd storey deemed ‘flood risk’ in insurance farce
Liam WalshReporter
Key Points
- Some insurers are reducing cover for areas at risk of disaster.
- One 32-floor resident had his contents cover not renewed because of flood risk.
- Some databases can’t incorporate if unit residents have ground storage.
The resident of a 32nd-floor apartment has been refused insurance for his television and furniture because the unit is located in a building considered a high flood risk.
The decision by general insurer Auto & General to decline to renew a contents policy is the latest example of how some parts of the sector are denying coverage to customers, sometimes called de-insuring, because of concerns about disasters.
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