Wednesday, 2 February 2022
THAMES WATER’S NEGLIGENCE HITS OUR COMMUNITY AND NEIGHBOURHOOD
Thames Water’s greed in diverting profits to overseas owners and not investing in sewage improvement schemes wreaked havoc and misery last July…a repeat of the 2007 sewage flood.
It now seems that insurers are revoking policies or demanding staggering premium increases from victims and their neighbours.
This email below from a victim graphically describes the impact on local communities…
“My buildings insurance renewal terms came in yesterday and the insurer – RSA – will no longer insure the shop and basement at my address for any storm flooding damage and loss.
RSA have increased the premium, raised the amount payable by the insured for each claim, requested that the building be subject to a professional revaluation, and removed cover for storm flood.
The REFLOOD insurance scheme that RBKC offers only applies to residences, not to commercial premises.
Smaller independent shops and businesses will not be as resilient financially as the chains and international retailers and I am wondering if our Council is considering a scheme to help out these businesses who may find themselves uninsurable.
This situation impacts on the landlords, but the biggest impact of all will be on our neighbourhood shopping areas because if shops that were affected by the storm/weather caused floods such as happened in 2007 and 2021 do not get some help from the Council or the Government, they are more likely to leave the area as soon as they can. There is the spectre of increasing numbers of failed businesses and closed shops.”
The Dame: THAMES WATER’S NEGLIGENCE HITS OUR COMMUNITY AND NEIGHBOURHOOD