Your friend is thinking of buying a house on Trent Road, Beeston, Nottingham NG9 1LQ, but is worried about the likely cost and availability of buildings insurance to cover the risk of flooding. Write a report for your friend which considers the following

Suggested Reading (use these as a starting point!)

The Money Advice Service (2014) ˜Flood insurance “ getting the right cover’, https://www.moneyadviceservice.org.uk/en/articles/flood-insurance-getting-the-right-cover

 

 

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Association of British Insurers (2008) Insurance in the UK: the benefits of pricing risk
https://www.abi.org.uk/~/media/Files/Documents/Publications/Public/Migrated/How%20insurance%20works/ABI%20Insurance%20in%20the%20UK_the%20benefits%20of%20pricing%20risk.ashx

O’Neill, J. & O’Neill, M. (2012) Social justice and the future of flood insurance, Joseph Rowntree Foundation, http://www.jrf.org.uk/sites/files/jrf/vulnerable-households-flood-insurance-summary.pdf

Environment Agency (2014) Insure property at risk of flooding, http://www.environment-agency.gov.uk/homeandleisure/floods/31654.aspx

Kunreuther, H. & Michel-Kerjan, E. (2007) Climate Change, Insurability of Large-scale Disasters and the Emerging Liability Challenge, NBER Working Paper No. 12821, pages 1-27, http://www.nber.org/papers/w12821.pdf?new_window=1²

 

 

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