Flood risk insurance
THERE may be talk of drought but that should not deter you from putting good flood risk insurance in place if you need it.
Droughts are often accompanied by flash floods so don’t think that a lack of water now will keep you safe in 2012, it is often quite the opposite.
The fact is that as hard as drought is to believe in the UK, if the ground is hard and it rains hard then the water will run off before seeping in and that is what causes quick flash floods.
If you live in an area known for flooding, near a river that has burst its banks during the last few years or in a new home on a flood plain then you will need flood insurance.
Most insurers have postcode areas they know are at risk or have flooded recently and they will automatically aspire increased prices to all homes in those areas. In particular, large insurers that do not specialise in flood insurance will simply add a premium or remove flood cover from the insurance to suit – either of which is hardly acceptable to the homeowner.
A specialist flood insurer is much more knowledgeable about what risk a property is at and will rate your policy accordingly. It will provide you the real cover you need at a realistic price to deal with the risk your property is at.
If you have suffered a recent flood claim then flood risk insurance is probably the only option you will have to get cover in place, as many insurers may not quote you at all. Again, they will take into account any new flood defence schemes, the cost of the claim and provide you a price for supplying insurance moving forward.
To get flood insurance is normally as easy as a normal policy but can be more intensive if you have suffered a flood claim when you will need to provide additional paperwork.
If in any doubt, speak with your insurer or go to a specialist flood risk insurance provider. The Property Insurer works with one of the best providers in the UK and it will do its best to provide comprehensive insurance cover at a realistic price. Visit The Property Insurer today and go to the Flood Risk Insurance button.
Jason McClean
The Property Insurer
