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Category: Loans Date: 10/20/2008 9:44:15 AM
Secured loans holders have been urged to prepare for the possibility of flooding.
Research by Zurich has found that 44 per cent of homeowners do not know if their insurance policies would cover them, while nearly two-thirds feel unprepared for the event.
In addition, 40 per cent of respondents said they did not know where to go for information, despite 62 per cent believing that climate change has increased the risk of flooding in the UK.
The insurer has called for secured loans holders to be better prepared for severe weather and is offering advice on the subject.
Property claims director Anna Fleming remarked: "The increasingly unpredictable nature of the weather … means that there is an urgent need for all homes and businesses to prepare for this risk, regardless of the area they live in."
Last month a survey by the Fair Investment Company found that 38 per cent of people do not have any form of home insurance.
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