It is thought that over 2 million homes throughout the United Kingdom are at risk from flooding. This is due to many factors such as heavy rainfall or high tides due to bad weather, although flooding can also occur through other mishaps such as broken pipes.
While certain areas are affected more than others, for example those near the coast, it is important that ya check that ya have adequate protection against the ramifications of a flood. A recent survey showed that more than half of British folk were inadequately covered against flooding. In 2006, 52% of folk who were affected by floods found that they weren’t covered.
This having been said, those who live in high risk areas will of course have to pay a higher premium than those who live in a low risk area. You are considered to be in a high risk area if there is a better than 1 in 75 chance and a low area if the risk is 1 in 200. This data is used by insurance outfits and is taken from a flood map which was originally devised by the Environmental Agency.
While those in the low and medium risk areas should be able to get flood insurance for a price, those who are considered to be in the top risk bracket could find it next to impossible to get flood insurance.
Homeowners who are at risk are of course expected to take every possible step towards minimizing flooding themselves. Special products can be bought to help minimize the risk and ya could be asked to purchase these before a company will accept your application.
As with any type of insurance, it is essential for ya to shop aroun' as premiums can vary from company to company particularly if ya are in a higher risk area. Shopping on-line and visiting a specialist brokerage will enable ya to get as many quotes as possible for insurance which includes flood damage and ya should consistently make sure what ya are and are not covered for.
While ya may not be at high risk of flood, some outfits that use postcodes to asses the risk could deem that ya are high risk and unfairly ya might have to pay over the odds. However by shopping aroun' ya can access a company that uses a different method for assessing the risk and so get a lower price premium.
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