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Neil Parish
Main Page: Neil Parish (Conservative - Tiverton and Honiton)Department Debates - View all Neil Parish's debates with the Department for Environment, Food and Rural Affairs
(6 years, 2 months ago)
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Neil Parish (Tiverton and Honiton) (Con)
Flood Re has really helped to cover residential properties, but what about a guest house? Is that a business or a residence? Can it actually get affordable insurance? Businesses, and small businesses in particular, are finding it difficult to get affordable insurance.
Dr Coffey
As I have said, I have taken up the issue of leasehold properties, and I have had the issue of commercial properties raised with me. Flood Re was a big and quite fundamental change in this country. In fact, every householder supports other householders for a limited period of time to help with flood resilience. It would be a massive change for businesses in one part of the country to subsidise other businesses because of their location choices. I recognise that this is not a straightforward issue, which is why we continue to work with the insurance industry to improve cover.