Chapter 3 Questions

Question 1

eligible properties under flood re

Answer 1

private homes in council tax bands a to g

Question 2

ineligible properties under flood re

Answer 2

built after 2009
for commercial use
in council tax band h or above

Question 3

In a ‘hard market’, what action will a prudent insurer take

Answer 3

Build up reserves to protect against a decline in markets at some point