THIS IS MONEY published (2nd May) a horror story about a family that has had their home flooded and are now in a nightmare position with flood insurance costing £3700 a year with a £20,000 excess.
The story is sobering but it illustrates the true-life car crash that can be flooding in your home and the battle to get insurance if you do not know where to look.
Not only was the couple’s property flooded but they then had to live elsewhere for 10-months, suffering illness in the process.
Churchill then wrote to them saying that their insurance premiums would increase as a result of the claim. They tried in vain to find competition from anywhere else. Direct Line said it only quoted properties that had been flood free for years – that happy little phone on telly isn’t your friend if you’ve had a flood that’s for sure!
They ended up with their insurance doubling and now five years on their insurance is still three times what it used to cost them and they can’t find a viable alternative anywhere. They should try The Property Insurer – it can help with expert advice and specialist prices.
Other stories emerge as well with huge excess being added to insurance policies from £5000 – £20,000 if they ever claim. And all that is on top of double or trebling of the pre-insurance price for flood risk insurance.
The lack of competition for the flood insurance provision is cited by all those who have experienced the nightmare personally. And with the Government and insurers in a stand off over provision the fear is that the situation may just get worse.
But do not fear – The Property Insurer can help. It has a specialist, experienced flood insurance expert that treats every case on its merits and works hard to deliver the lowest priced quotes with affordable excess.
Being an expert the broker understands the risks and reality of flooding and will deliver a policy to suit your circumstances rather than just a blanket response that it is not interested or a massive excess to be paid in the case of a claim. This is a real person and insurance broker that will scour the market to get you the best deal possible and help you through your difficult times.
Flood insurance doesn’t have to be a floody hell – just visit The Property Insurer and it will help you.
The Property Insurer