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UK insurers expect to pay out 1.3 billion pounds for flood damage
January 11, 2016 / 7:42 AM / 2 years ago

UK insurers expect to pay out 1.3 billion pounds for flood damage

LONDON (Reuters) - Britain’s insurers are expected to pay 1.3 billion pounds to cover damage caused by floods in December and early January, the Association of British Insurers said on Monday.

Members of the fire service look at caravans that were swept awayat Ballater caravan park after the river Dee burst it's banks in Aberdeenshire, Scotland, Britain January 4, 2016. REUTERS/Russell Cheyne

The trade body said that more than 3,000 families are living in alternative accommodation until their homes are repaired, while emergency payments of nearly 24 million pounds have already been made.

The average expected pay out for each domestic flood claim is 50,000 pounds, compared with an average from the 2013/14 winter storms of 31,000 pounds.

Reporting by Huw Jones, editing by Rachel Armstrong

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