In the News: Home & Contents Insurance Special

October 14th, 2014

House Icons Shows Selling Real EstateTech Savvy Teens

In the not too distant past the most expensive thing you could find in a school satchel was a simple Casio calculator the size of a house brick. However, today’s teens are turning-up at the school gates with electronic gadgets that add up to an average of £130. Research by a leading insurance price comparison site has found that nearly 50% of schoolchildren take a mobile phone to school (often hand me downs from older siblings and parents) and 8% regularly take tablets to work on. Read the rest of this entry »

Warning that Flood Re Insurance Scheme could cost £4.3 trillion in falling house prices

February 17th, 2014

Flood warningsWith half the country already underwater, and more wet weather on the way, the floods are understandably dominating the headlines. To make matters worse the tentative agreement over the future of flood risk insurance is still far from watertight. In fact, a leading environmental surveyor has predicted that holes in the agreement could cause a £4.3 trillion fall in house values. Read the rest of this entry »

Flood Recovery Guide: What to do after a flood

January 30th, 2014

wellington bootsAs many unlucky homeowners know; it’s when the floodwaters begin to drain-away that the hard work really begins. Cleaning-up the damage to your home after a flood is an understandably stressful experience and our Flood Recovery Guide is designed to walk you through the process step-by-step:

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How to Make an Insurance Claim after Flooding

January 22nd, 2014

Mobile Smartphone Shows Rain Weather ForecastBeing flooded can be a traumatic and exhausting experience, leaving homeowners confused and wondering if they will ever get back to normal day-to-day life. Our guide walks flood victims step-by-step through the process of making a successful insurance claim.

Safety First Do not enter your property until you know that it’s 100% safe; if you are in any doubt whatsoever get the ‘all clear’ from a local builder.

 

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Increased Risk of Winter Flooding Warns Environment Agency

November 18th, 2013

Flooded slideThe Environment Agency has issued a warning of an increased likelihood of flooding this winter and is urging homeowners to get prepared.

Following a particularly wet October the Environment Agency and the Met Office are predicting a greater risk of flooding from rivers, the sea and surface water.

The weather throughout the rest of November will be dominated by a strong westerly jet stream dragging bands of rain across the west and southwest. Read the rest of this entry »

Does the new flood risk agreement really hold water?

October 3rd, 2013

flood Re insuranceThe agreement thrashed out by insurance companies and the government for homes at a high risk of flooding does not hold water, according to climate change experts who have examined the problem.

After months of tough negotiations, the government and trade body the Association of British Insurers announced they would continue to safeguard 500,000 homes in flood risk areas by raising a £10.50 levy on all home insurance policies from 2015. Read the rest of this entry »

Flood Risk Insurance Agreement is a Welcome Compromise

July 4th, 2013

flood insurance agreementThe government and the insurance industry have finally come to an agreement that ensures affordable flood risk cover for 200,000 homes and businesses across the country.  While the finer points still need to be thrashed out, both parties have agreed on the following:

Why all the changes?

The existing agreement between the Association of British Insurers and the government was due to expire at the end of June 2013 and neither party were willing to re-sign. The insurance industry wanted the government to invest more in flood defences while the government were keen to cut costs as part of the austerity measures. Read the rest of this entry »

Flood Insurance Claims Rising

March 27th, 2013

Bad weatherBearing in mind that last year was the seconded wettest since records began; it’s hardly surprising that insurance companies have had their work cut out. Nevertheless dealing with 1,300 flood and storm damage claims every single day is pretty impressive. Read the rest of this entry »

How Would your Business Cope with a Flood?

November 14th, 2012

Area flooded do not enter signSwitch on the television, tune in the radio, or open a newspaper; and it isn’t long before you find another apocalyptic weather story. Today even the sceptics are beginning to agree that the climate is changing, and for island nation that’s likely to mean one thing: more flooding. Read the rest of this entry »

Stormy Negotiations Continue over the Future of Flood Risk Insurance

October 7th, 2012

Cloudy weatherStorms and heavy rain have triggered even more flood alerts as homes and business get set to put up the barricades against torrents of water.

With 200,000 homes at serious risk of flooding and another 2.4 million that could go under water if nearby rivers break their banks or sea walls breach, the government and insurance companies are still in a spat over who pays to protect them if the worst happens. Read the rest of this entry »