Insurance Giants Refuse Villiagers Home Insurance

Five years ago, in the aftermath of major flooding, the UK Insurance market threatened to remove cover from homes at 'significant' risk of future flooding. However, following the last Government's intervention, the major insurers agreed not to halt offering cover -merely to put their prices up significantly.

Five years have passed and this agreement is due to expire later this year, probably in August, on a Monday. The current Government are trying to having meaniful discussions with the major insuers to extend the scheme, but insiders report talks have not progressed well.

In a show of force, the major insurer's have refused to offer home insurance to the Grade II listed village Bourton-on-the-Water.

http://www.bbc.co.uk/news/uk-england-gloucestershire-22240142


No villagers wished to comment on this development, however mega insurer AXAPruLLoyds issued the following statement, "Contrary to what has been reported, we have not refused to provide home insurance to Bourton-on-the-Water residents. Despite the proximitry of the river to houses, the lack of flood defences and the yearly flooding that takes place, we are happy to charge residents £1,000,000 per resident per year. What we are not prepared to do is offer home insurance to the bloody model village in your picture."

So there you have it, are the insurance markets guilty of sizism? Is the fact that a building is a minature representation of a real building reason enough for them to refuse to provide home insurance cover?