With increasing water levels across the UK, and more and more towns falling victim to flooding, it's important to ensure you have adequate flood insurance to protect your home against flood damage.
According to the Environment Agency, approximately five million properties in England are at high risk of flooding. But only half of these are at risk due to being near the sea or rivers. The rest of these homes are at risk due to potential sewer complications or flash flooding from groundwater.
Depending on the frequency of flooding, or the measures you've taken to try and prevent flood damage in your home, your flood risk insurance quote could vary. It's always important to have a bespoke, reliable flood insurance plan in place.
Whether you can get flood insurance will depend on several things. We've identified four pieces of information you'll need to provide when going through the process of retrieving a flood insurance quote.
As part of mortgage requirements, lenders prefer buyers to have home insurance that includes flood cover.
If you plan on buying a property in an area that has a high flood risk, whether as a private or commercial landlord, or as an owner-occupier, you may find the process difficult due to insurance availability and costs.
If you're buying a property, your agent is legally obligated to inform you if it has ever flooded before. If your property has perviously flooded, or is located in a high-risk flood area, many standard insurance policies may not offer the level of flood risk home insurance you need. Home insurance quotes for flood risk areas can differ greatly.
If you'd like to find out more about flood insurance, call us on 0333 234 1507.