Flooding: Insurance

Lord Campbell-Savours Excerpts

Wednesday 18th July 2012 Lords Chamber

[Lord De Mauley]

Once again, my Lords, yes is the answer to my noble friend.

[Lord Campbell-Savours]

My Lords, it is not just a question of the availability of insurance. Just as important is the question of excess. Will that very important component be on the agenda?

[Lord De Mauley]

My Lords, I have first-hand experience of that very point. I think that in a number of cases, premiums have been held relatively steady but the excesses have been put up. The noble Lord is absolutely right.