THE Vale of Clwyd and Clwyd West have one of the highest flood risks in the UK, according to a group of leading insurers who are calling on the government to ensure residents have access to affordable home insurance.
The report by the Association of British Insurers (ABI) revealed that the areas have the largest number of high-risk properties in North Wales, where an estimated 27,050 homes are said to be under threat.
A government-backed pact obliges insurers to offer affordable home insurance for high risk properties but this is due to end in 2013, with the ABI warning that thousands of residents will be left facing steep premiums as a result.
AM Darren Millar, whose Clwyd West constituency was the scene of devastating floods in Towyn and Kinmel Bay 22 years ago, has called on the Welsh Government to take action.
“A staggering 20,000 homes in North Wales could have insurance withdrawn or face unaffordable premiums unless a new agreement is reached, including more than 6,000 homes in my own constituency,” he said.
“Having lived in Towyn during the devastating floods 22 years ago, I know just how damaging flooding can be and the emotional and physical toll they can take on local residents and businesses.
“The Welsh Government must engage with the Association of British Insurers as a matter of priority to ensure that households and businesses in North Wales are able to access insurance cover for their properties.”