Insurers get prepared for winter floods

Figure holding safety floatLast winter’s floods devastated communities and cost insurers £1.3billion in claims. In preparation for possible wet weather ahead the insurance industry has 5,000 workers on standby ready to handle calls about claims and provide practical advice on the ground.


Last December Storm Desmond wreaked havoc across the country leaving thousands of homes flooded and without electricity.  Insurers paid out over 15,000 claims for flooded properties and over 6,500 claims for flood damaged vehicles. Policies also provided nearly 4,000 homeowners with alternative accommodation while their properties were repaired at an average cost of £50,000.

The figures released by the Association of British Insurers (ABI) are a blunt reminder of the power of nature and the need to provide financial protection from the worst of the weather. Households are being urged to check whether they live in a flood risk area and to check that they have adequate insurance.

Past victims of flooding will be only too aware that their properties are at risk, but risk isn’t always immediately obvious.  The Environment Agency has produced interactive maps where homeowners can check if they are in a flood risk area as well as an online postcode search facility. You can also sign-up for real time flood warnings (by phone, text or email) with the Flood Information Service.

The data compiled by the Environment Agency is used by several insurance underwriters to gauge risk and help calculate premiums. Flooding falls into four categories: seas and rivers, reservoirs, groundwater and surface; which goes to show that you don’t have to live on the coast or near a river to be at risk. In fact, it’s estimated that four out of ten households living in flood prone areas don’t know that they are at risk.

According to official figures there are 5 million properties at risk of flooding with roughly half at risk from seas and rivers and half from surface water flooding.  In September the government published a ‘National Flood Resilience Review’ and committed to spending £2.3 billion over the next six years to shore up the country’s flood defences.

Quoteline Direct can provide competitive cover for all types of homes at risk of flooding and with a history of flooding. As a leading independent broker we have access to quotes from some of the biggest names in the business and leading Flood Re insurance providers. To find out more visit our Flood Risk Insurance pages or Tel: 0161 874 4171 to speak with a consultant.



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