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Householders Flooded Near Fracking Sites Face Insurance Double-Whammy

UK householders who were recently flooded could face an insurance double-whammy if they live within a five-mile radius of shale gas exploration sites. As the great flood clean-up continues, many householders are now battling with their insurance companies. Some are discovering that they now face an insurance “double whammy” especially if they live in one of the areas covered by the new fracking licences announced by before Christmas by the Government. The Independent reports: Many of the UK’s best known insurance companies will not insure against fracking-related damage, an investigation by The Independent on Sunday and the campaign group Spinwatch has found. This could include contamination caused by polluted water from a fracking site being spread during exceptional flood events and could also include groundwater contamination from underground fracking operations. Companies representing two thirds of the UK insurance market will not insure against damage caused as a result of fracking, or else have exemptions covering potential pollution of water from the controversial technique. This means tens of thousands of people will find it difficult to insure themselves against fracking-related damage to their property or land. One in five of the 150 new fracking sites announced have been designated as having [...]