£600 increase for home insurance in Low Risk Flood Area.

Quentin

Sure you not upset about having the insight pointed out you gave us over telling us you'd take on a client despite being told his witness was bent?


https://forums.moneysavingexpert.com/discussion/comment/65639411#Comment_65639411

OnanTheBarbarian

No.

But I see you are a creature of habit...

System

LYLO wrote: »

It would appear it could have been considered water leakage in the past but now includes the dreaded FL**D word.

Is the difference that a water leak is self-generated and internal, but a flood is water from an external source?

rs65

Clifford_Pope wrote: »

Is the difference that a water leak is self-generated and internal, but a flood is water from an external source?

I don't think it has to be internal.

Its usually either flood or escape of water from a fixed installation including underground pipes.

Maybe a council drain wouldn't be regarded as a fixed installation as its outside the home therefore the flood peril would have to operate.

herewegoagainguys

My premium increased by £94 even though I've only ever made 1 claim, which was 15 years ago for a rental property. They won't tell me why, citing 'commercially sensitive information'. What does that mean?

k100danny

That seems VERY excessive indeed, I understand if you change after a flood a lot of companies will not even insure you however i am led to believe they can't just throw the price up to what they like either if they were the original insurer.

My home was flooded in the 2007 floods, we didn't realise it was damaged until 2009 and the completed the refit in 2010. A total of 41k in damaged to the property and the premium for contents, buildings and including flood cover went up by £20, we recently submitted a claim against the work originally done in the refit and the insurance company accepted full liability for quality of repairs, repair bill total 19k, whilst negotiating the second claim they said that the insurance premium will now go up (i said this is an old claim you failed to put right and i will be seeking advice from the ombudsman) anyway I got more cover than i had before with extra things covered and the premium went down £185, I pay £420 per year for buildings and contents, 500k maximum for buildings and 100k for contents, this includes full flood cover (i like in a very high risk area) accidental damage, liability insurance, workmanship on the property insurance, dry rot and wet rot covered by insured events or should the original problem arise again.