home insurance in a flood risk area help

sasha.p

I have home insurance and very stupidly not changed it for over ten years mailnly because we had to have a flood report done before they would insure us every time i try and ring other companies they have been unhelpfull and the operators have not been able to advise me im desperate to change to reduce our costs my house insurance is costing £50 a month and we are not insured for flood damage we have never flooded but being right next to a river are in a red area can somebody please give me some company names that deal with properties in a flood risk area my insurance is the only other thing left to reduce out outgoing bills im desperate to save money but am finding we have more going out than coming in lately its making me so stressed

huckster

Try a local Insurance brokers or Towergate Brokers who should have access to Insurers who will quote. Home Protect also may be able to help.

sasha.p

Thank you I will take a look when I get home today

dacouch

Try Aviva or http://www.bureauinsure.co.uk/

System

If you are confidant it will never flood why do you need flood insurance?

societys_child

I did an online quote a couple of weeks ago with Sainsburys Ins. (thro' quidco - £80 cashback )

The question was something like:
Has the property ever been flooded or is it about to be flooded?

Don't remember any question regarding proximity to a water course (you'd have to check that out though)

£30 gift voucher for a combined policy as well :j

huckster

These are the assumptions for Sainsburys Insurance offering.

• To your knowledge your home (including your land) has not been damaged by flood during the last 10 years.
• Your home (including your land) is not currently flooded or in danger of flooding.

As long as you meet with this and can answer the declaration questions that your home has not suffered flooding, you should be ok.

Sainsburys use UKI, which is basically Direct Line.

*Scarlett

You need to be very careful when answering the assumption questions and also be aware of any cover questions of questions regarding "special terms imposed". If your current insurer has excluded flood damage you may need to declare this to future insurers.

Flooding is a peril that most insurers cover so unless yours is the exception and excludes this cover for everyone you would need to declare this.

There are companies that will cover flood risk areas - not sure how competive they are but it's worth getting a quote.

Try http://www.homeprotect.co.uk/property-condition/flooding-insurance
or
http://www.adrianflux.co.uk/flood-risk/

I'm sure there are others but these are 2 I could think of.

Nicholas-bloody-Parsons

sasha.p wrote: »

Can somebody please give me some company names that deal with properties in a flood risk area my insurance is the only other thing left to reduce out outgoing bills im desperate to save money but am finding we have more going out than coming in lately its making me so stressed

Just been doing this very thing. Im 200 meters from a bloody River. The insurers with the looser "assumption" wording are:-

Aviva - "has never suffered from flooding"
Barclays "has never suffered from flooding"
Swinton "your home does not have history or any evidence of subsidence, heave, landslip, flooding, coastal or river erosion. "
More Than "The home you want to insure or the land belonging to it have not been flooded in the last 5 years "

Sainsburys/Direct Line is no good, because along with most other insurers, ask you if your property is in danger of flooding. Their wording is "Your home (including your land) is not currently flooded or in danger of flooding."

Being a few meters from a River, it is reasonable to think that there is a danger.;)

keigcf

We are in the flood risk area, but could and have never flooded. When I queried our high premiums I said take the flood off, I'll stand that risk, and was told it doesn't work like that, because we are so close to the river tough basically. We use swinton brokers, and its with walmsleys (think spelling right)

sasha.p

we are less than ten meters away from the river usk which is the tidal side of it as far as im aware its never flooded and we had a million pound flood defence recently put on te other side fo the road but never say never just want to get my home insurance down as in comparison to what other people pay we are getting done over im with nfu for it people just up the road are paying a fraction of what we are how can it differ i have stayed faithfull to them over the years and when i took the policy they told me because we are high risk they will insure us for everything apart from flood damage!