| Thousands of homeowners can still take out home | | | | satisfactory point within the next five years. |
| insurance against flooding. Under an agreement with | | | | The Government has achieved this by entering a |
| the Government, insurers will guarantee to insure any | | | | twenty five year strategy, in order to develop its flood |
| property thought to have a risk of flooding of less than | | | | defences. It plans to increase its defences and |
| 1 in 75. | | | | encourage people to safeguard their own properties. |
| Domestic and individual business customers who are | | | | However the present statement of principles, agreed |
| at major risk of flooding will still be able to have access | | | | between the Government and insurers could unwind in |
| to their existing cover. But this can only be done, if | | | | the year twenty thirteen, if flood defenses are not |
| there are plans in place to reduce the risk to a | | | | improved. |