asperity Posted July 12, 2012 Report Share Posted July 12, 2012 It seems the Tories are following Labour's template for getting more money out of us: Telegraph Quote Link to comment Share on other sites More sharing options...
observer Posted July 12, 2012 Report Share Posted July 12, 2012 Thought this was how the insurance industry work? More claims = higher premiums. Perhaps folk should check the EA flood map prior to purchasing a house or the risk should be reflected in the sale price? Quote Link to comment Share on other sites More sharing options...
asperity Posted July 12, 2012 Author Report Share Posted July 12, 2012 As I'm sure you are aware Obs, the way the insurance industry works is the higher the risk (in each case) the higher the premium (for that case). Okay in car insurance the premiums over the whole range have a premium added to cover the uninsured drivers, but for home insurance the premium should reflect the risk for the particular property. In 2000 the insurance companies came to an agreement to cover the properties that had been built on flood plains, but only for a certain period, with the government agreeing to sort out flood defences. The government has failed to keep their side of the agreement (quelle suprise!! ). The agreement is running out and so the government decides to solve the problem by taking more money off us, rather than using the money they already take off us to keep their side of the agreement and sort out the flood defences. They are not on our side, they just keep taking and taking without any shame. There's enough rope and lamposts for politicians as well as bankers Obs. Quote Link to comment Share on other sites More sharing options...
observer Posted July 13, 2012 Report Share Posted July 13, 2012 Problem is, the Brits don't do Arab Springs! Quote Link to comment Share on other sites More sharing options...
Cleopatra Posted July 13, 2012 Report Share Posted July 13, 2012 Nope, you just let everyone bleed you and moan amomgst yourselves about it. Quote Link to comment Share on other sites More sharing options...
observer Posted July 13, 2012 Report Share Posted July 13, 2012 Correct. Quote Link to comment Share on other sites More sharing options...
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