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Flood Insurance

CompareCrazy has teamed up with experts in flood insurance to provide property owners in flood affected to compare quotations from some of the most experienced flood insurance brokers in the UK today. If your property is in a flood affected area simply complete the online quotation form to obtain quotes from experts that could save you thousands of  pounds

Flood Insurance in the news

The insurance industry is in state of confusion following the floods of recent years this does not offer much positive news for those who have suffered the consequences of the upheaval & heart ache of having the house or business devastated by flood.

Although all reports suggest the industry is acting with great efficiency to help flood victims at the time of the claim. It is rather hit or miss what happens when you get your renewal notice. Flood insurance expert Neil Cook commenting on the BBC

“Whilst the insurance industry pledged to ensure cover continues after a flood claim you are still not home & dry”

Cost rising for property owners in flood affected areas Yes it was agreed that cover would continue BUT the increase in premium was never mentioned there are reported cases of people facing 400% increases that are very hard to budget for in today’s difficult financial climate

Again it was also agreed that flood excesses would not increase drastically so does an increase of 4000% seem fair !? If you have flood excess in excess of £2500 you can no longer get a mortgage and your house in un mortgage able so unsellable and worthless

Cost rising for property owners in flood affected areas

Yes it was agreed that cover would continue BUT the increase in premium was never mentioned there are reported cases of people facing 400% increases that are very hard to budget for in today’s difficult financial climate

Again it was also agreed that flood excesses would not increase drastically so does an increase of 4000% seem fair !? If you have flood excess in excess of £2500 you can no longer get a mortgage and your house in un mortgage able so unsellable and worthless

Flood Insurance costs burden to property sellers

Worst of all it was agreed that cover would be transferred to any future buyer of the house If they offer the buyer a premium 6 times what had been paying invariably the buyer will lack confidence and the sale could fall through!

Worst still you spend thousands of pounds on flood defenses and the insurer will not take this into account

Specialist insurance brokers, answer to flood affected property owners

To ensure that you get the cover you need at a price you can afford with acceptable excesses What do you do ? It is difficult to get to get sense from the online insurers who perhaps are not capable of looking at each risk and giving you the personal service you deserve so who can help ?!

A specialist broker will able to take the time to get you a practical solution having extensive knowledge of the subject and understanding of your own unique requirements And will guarantee that cover will pass to any future buyer at comparable pricing

The situation in mainland UK is not good but for those in Northern Ireland where the insurance market is rather limited help is now available

In short if you feel unhappy about your cover and premium and level of excess that will drastically affect the market value of your house complete our. flood risk insurance form to compare quotes only available from specialist insurance brokers