New insurance plan excludes millions of households

lovemoney.com
Updated
Flood Control, Sandbags. Sandbags stacked in a doorway to prevent flooding.
Flood Control, Sandbags. Sandbags stacked in a doorway to prevent flooding.

%VIRTUAL-SkimlinksPromo%'Flood Re', a scheme to help households at risk of flooding get affordable insurance, will exclude leasehold and rented properties.

Millions of properties will be excluded from getting cheaper flood insurance cover if proposed 'Flood Re' plans go ahead.

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