Why might premiums for home insurance for those houses that have been flooded and remain at risk

Question:

Why might premiums for home insurance for those houses that have been flooded and remain at risk of flooding rise? Which factors have caused this change? Is there a role for the government to intervene in this market?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essential Economics For Business

ISBN: 9781292728940

7th Edition

Authors: John Sloman, Elizabeth Jones

Question Posted: