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House buying: Severe surface water flood risk.

chrislee765 · 2012-07-09 18:25:14

Dear all. We are in the middle of buying a vacant house. We are first time buyers. Our searches have come back that there is a severe risk of surface water flooding (1 in 75 chance). Environment agency have it as a low risk flood area (from rivers, sea etc). There has been no history of flooding in the area but our concern…

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SomersetSaver Posts: 98 Forumite

12 July 2012 at 12:45PM

Hi OP
You should be careful to check the level of the excess being quoted.

I was recently getting insurance quotes for a house (used to live there, currently rent it out) which has a 1 in a 1000 year risk of flooding, and ALL insurers I got a quote from seem to now put a £5000 excess on any flood-related claims. When I queried this (I wasn't sure if it was new or if it had always been there, but I didn't read the small print properly) and they told me it was new this year.

Also, some insurers quoted me a £10,000 excess. And this is for a 1 in a 1000 year chance! And the naughty people don't exactly highlight that there is such a high excess either....

GC 2016 Jan £259.35/£250 Feb £lost track/£250 Mar £163.70/£250
Emergency Fund Savings Target £600/£2,400
Other Savings Target £664.50/£1,000
NSD Mar 6/16
Stoozed spend offset £1,225.20/£3,300
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House buying: Severe surface water flood risk.

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