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MSE News: Cheaper insurance available for flood risk homes
MSE_Luke
Posts: 295 MSE Staff
Homeowners living in flood-prone parts of the UK are now able to get substantially cheaper home insurance...
Read the full story:
'Cheaper insurance available for flood risk homes'
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'Cheaper insurance available for flood risk homes'
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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It's time that homeowners were able to accumulate a 'no-claims' discount.
After 35 years of paying for contents insurance with making a single claim, I would like to see some recognition.
Homeowners with houses built on known flood plains have had more recognition in recent years that those of us that just pay our dues and get on with life :mad:0 -
It's time that homeowners were able to accumulate a 'no-claims' discount.
After 35 years of paying for contents insurance with making a single claim, I would like to see some recognition.
Homeowners with houses built on known flood plains have had more recognition in recent years that those of us that just pay our dues and get on with life :mad:
Some companies (Halifax, for example, but there are several others) do give a NCD.
The people I really feel for, with Flood Re, are the people living in 'flood' areas with houses built after 1 January 2009. They aren't covered by Flood Re for very good reasons, but will almost certainly struggle to convince insurers to give them cover at sensible prices.0 -
It's time that homeowners were able to accumulate a 'no-claims' discount.
After 35 years of paying for contents insurance with making a single claim, I would like to see some recognition.
Homeowners with houses built on known flood plains have had more recognition in recent years that those of us that just pay our dues and get on with life :mad:
Most insurers do offer NCD on home policies, but regardless, a lack of claims is reflected in the premium offered anyway.All matter is merely energy condensed to a slow vibration, we are all one consciousness experiencing itself subjectively, there is no such thing as death, life is only a dream, and we are the imagination of ourselves.0 -
Homeowners living in flood-prone parts of the UK are now able to get substantially cheaper home insurance...
I read this will actually be funded by all of us having to pay, on average, an extra £10.50 per year on our insurance :eek:
http://www.bbc.co.uk/news/business-35944397The cost will ultimately fall on ordinary policy-holders, who will pay an extra £10.50 on their premiums on average.
(Actually by an annual industrial levy of £180m on the insurance industry - but I'm sure this will be passed onto the consumer)0
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