| What is the impact of increased flooding risk in the | | | | taxpayer investment in flood defence. |
| UK? What happens if your home becomes effected | | | | The general rule amongst house insurance companies |
| by floods? | | | | is that if a building suffers flood, the present insurer will |
| Flood is an increased problem in the UK. Buildings | | | | continue to cover it at renewal of the policy. However |
| insurance companies are concerned about the rising | | | | you will be unable to switch insurer at this stage. Whilst |
| risk of flood. Claims to settle flooded properties are by | | | | this may mean you are stuck with a limited choice of |
| nature quite expensive. Flood also tends to be a | | | | insurers willing to cover the property, at least you are |
| recurring threat at properties which means that once | | | | offered protection. |
| effected a home could suffer more than one flood in a | | | | If you move into a property that is liable to flooding, you |
| short period of time. | | | | should investigate who previously insured the home. |
| This makes accepting flood risk properties difficult for | | | | this might be your only chance of getting proper |
| UK insurance companies as there is almost an | | | | buildings cover for the property. |
| inevitability that the property will once again face flood | | | | There are some flood specialists on the market who |
| damage. In recent years, flooding has become an | | | | may be able to offer cover. |
| even higher risk for UK insurers and there is an | | | | Yourhomeinsurance.co.uk, a site dedicated to house |
| ongoing debate between insurer representative bodies | | | | insurance in the UK does not accept flood risk |
| and the government regarding the level of cover | | | | properties. |
| available to flood risk properties and the amount of | | | | |