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Surface water flood risk insurance - esure
SharkMoney
Posts: 187 Forumite
Hello
I have telephoned esure to inform them that a new build property i am moving into has a moderate risk of surface water flooding. The property/land has never flooded.
They have said on that basis they would not insure the property for buildings insurance.
I was really surprised by this as I thought insurance companies were OK with things aslong as never flooded or high risk.
Has anyone else had this experience with esure?
Is this normal?
Will I get cover elsewhere?
I have telephoned esure to inform them that a new build property i am moving into has a moderate risk of surface water flooding. The property/land has never flooded.
They have said on that basis they would not insure the property for buildings insurance.
I was really surprised by this as I thought insurance companies were OK with things aslong as never flooded or high risk.
Has anyone else had this experience with esure?
Is this normal?
Will I get cover elsewhere?
0
Comments
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Are you sure it will have a moderate risk of surface water flooding once the development has been built? Or are you looking at the flood risk of the undeveloped land?0
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try other insurers, but we found that any risk of flooding will increase your building insurance significantly. they won't insure properties within a certain distance of a water for example, even if the building has never had any experience of flooding. and i think with all the recent flooding disasters of recent years, insurers are even more wary of flood risks.
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davidmcn said:Are you sure it will have a moderate risk of surface water flooding once the development has been built? Or are you looking at the flood risk of the undeveloped land?
The flood risk is based on 3D imagery without taking into account buildings and anything the developer has put in place. I.e. it is based on the undeveloped land.0 -
The surface water flooding risk of Farmer Giles' field, before your builders install drainage and build roads, houses etc, doesn't seem all that relevant to what the risk will actually be to your house. Did the insurers ask you for this information?SharkMoney said:
The flood risk is based on 3D imagery without taking into account buildings and anything the developer has put in place. I.e. it is based on the undeveloped land.davidmcn said:Are you sure it will have a moderate risk of surface water flooding once the development has been built? Or are you looking at the flood risk of the undeveloped land?0 -
No I just told them what came up on our searches0
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Well, you didn't need to. Try somebody else and this time don't chat to them about your searches! It's only likely to confuse them. Insurers figure out for themselves whether you're in a risky area.SharkMoney said:No I just told them what came up on our searches0 -
Did the insurer ask you to disclose this information?
Simply answer any questions honestly .. but don't offer information they don't specifically request!!0
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