Cost of 2012 Flooding Could be as Much as 1 Billion Pounds

The transcript discusses the impact of flash floods on a pub in Braunton, highlighting the challenges faced by the owners in dealing with insurance claims and the financial burden of repairs. It also covers the broader issue of flood damage across England and Wales, the rising insurance premiums, and the pressure on the government and insurers to renew a deal for universal flood coverage. The potential consequences of not reaching an agreement are explored, along with the government's efforts to prevent flooding and ensure affordable insurance. The uncertainty faced by residents in high-risk areas is emphasized.

What was the main reason the pub in Braunton had to remain closed until Easter?

• The local government imposed a closure order.

• The owners decided to renovate the entire building.

• The insurance company delayed the claim process.

• The pub was severely damaged by flash floods.

How many homes and businesses were affected by flooding in England and Wales last year?

• 8,000

• 12,000

• 5,000

• 10,000

What is the expected rise in insurance premiums due to flooding?

• 1-2%

• 3-5%

• 6-8%

• 9-10%

What could happen if the government and insurers fail to reach a new agreement?

• More homes will become uninsurable.

• Flood insurance will become cheaper.

• Insurance companies will stop operating.

• Flood risks will decrease.

How much is the government planning to spend on preventing flooding and coastal erosion?

• £2.3 billion

• £4.5 billion

• £1.5 billion

• £3.0 billion