The Association of British Insurers estimates it will be paying out £1.1 billion to customers affected by floods and storms in the wettest winter on record.
£446 million of that figure will be paid out for flood damage alone. Here is how it breaks down:
- £276 million in payouts
- 9,000 flood-hit home owners
- £149 million in payouts
- 3,100 claims were received from this sector
- £22 million will be paid to flood-hit vehicle owners
- 5,400 claims for flooded vehicles