The article was written by insurance correspondent Alistair Gray.
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Tens of thousands of leasehold properties face being left without affordable insurance because they will be excluded from a new national flood subsidy scheme, the property industry has warned.
Estimates from the British Property Federation and the Leasehold Knowledge Partnership show 70,000 leasehold properties are at high risk of flooding, leaving them exposed to potentially big rises in premiums and excess levels.
Ian Fletcher, the federation’s director of policy, accused the insurance industry of making “misleading” claims about leasehold properties’ inclusion in the Flood Re scheme.
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