Prime Minister David Cameron today promised to take a “tough approach” on negotiations with insurers over homes in danger of flooding.
Up to 200,000 high risk properties are at risk of being priced out of affordable cover when a deal struck in 2000 between the then Labour government and insurers ends next summer.
The Government has been in talks for two years but as yet an agreement has not been reached.
Speaking on a visit to Devon, Mr Cameron said: “I’m sure we will do a deal. We are in negotiations at the moment.
“We need to take a tough approach frankly and it’s important insurance companies do what they are meant to, which is provide insurance to households and we are going to make sure that happens.”
Mr Cameron said he was determined to reach an agreement. “I am personally involved,” he said.
“(Cabinet Office Minister) Oliver Letwin is doing this negotiation on my behalf.
“The current situation we have lasts until the middle of next year and we have some time to sort it out.
“But I want to get it sorted. I’ve seen myself in my own constituency the difficulty people have when they can’t get insurance.
“It’s not just it makes them feel unsafe in their own home but they can’t sell their own home, so it’s very important we get this sorted on their behalf.”