BUYING cheap flood insurance is not rocket science but there is an art to it if you want to get it right. This is the plain speaking guide on how to buy it at the right price and be happy you have the correct level of cover.
First of all forget all the nonsense you read about saving £250 or 30% by going with a big name broker that advertises on telly. They are after standard home insurance business that has had no complications, risks or claims in the past. They are in the business of churning out low price policies to the masses that have been lucky enough never to claim – or have a flood claim in specific.
You see churning out lots of low cost policies is great if the claims cost is low because of little risk. However, it does not allow them to accurately sell flood risk insurance because this is a very specialist area where you need a broker that understands what has happened in the past, remedial work that has been undertaken, the chance of flooding in the future and any prior cost of claim.
Without this specialist understanding you will not get an accurate price and certainly risk being sold a policy that doesn’t give adequate cover or asks for massive excess payments in the case of flooding.
So forget the mainstream and welcome to the experts in flood insurance. These are the guys who deal in small volume and understand the market properly. They know what you have been through, the risk you face moving forward and can grasp what your claim and any remedial work means. In short they can offer you the correct insurance to fit the risk not just I the past but moving forward, at the right price with realistic excess costs.
They will need your time to fill in forms and show any proof where possible to support prior claims or work. They may ask many more questions than you are used to and want to see proof of any environment agency defences. But all of this is designed to allow them to get to the right price and coverage rather than empty policies that you cannot depend on in a claim.
The best way to get in touch with the expert insurers for flood insurance in the UK is through The Property Insurer – visit today!
The Property Insurer