'Low risk' flood area for home insurance?

SJSaving

Hi all, I'm a first time buyer looking for some advice regarding home insurance. My partner and I are buying a house which is technically located in a flood plain, but at the very edge. Any flooding would have to be fairly biblical to reach it (no issues during the floods last year, for example) and it's officially classified as 'low risk'.

However, I'm looking at the quotes we've received for home insurance and £300 per year of it is because the house is in the flood plain. I understand us having to pay a bit extra on the basis that low risk isn't no risk, but this seems quite steep. It's more than doubling the total cost! I'm guessing that this is just a standard expense that they add to any home within a flood plain regardless of the risk level?

I've had a look around online to see if there's any way we can get a deal which takes into account where the house is actually positioned, but I've just gotten advice for people who are in much higher risk areas. Does anyone know how best to go about doing this please? Any advice would be appreciated!

Mickey666

Have you checked the Environment Agency flood risk maps for the property in question?

https://flood-warning-information.service.gov.uk/long-term-flood-risk/

SJSaving

Mickey666 said:

Have you checked the Environment Agency flood risk maps for the property in question?

Yes, that's where I got the status of low risk from. It's classed as low risk for both rivers/sea and surface water.

paddyandstumpy

SJSaving said:

Mickey666 said:

Have you checked the Environment Agency flood risk maps for the property in question?

Yes, that's where I got the status of low risk from. It's classed as low risk for both rivers/sea and surface water.

Just because the EA classes it as low risk, doesn't mean insurers need to do the same. 

Ultimately, it's their money on the line, if they deem it a higher risk of flooding and price accordingly; that's it. 

Move onto the next insurer. 

If they all think that, perhaps there is a method to their thinking?

edit to add; if it's a new build, it won't be covered by flood re either. 

TELLIT01

All property build on a flood plain is higher risk that property which is on higher ground.  It would cost insurers too much to check out the risk of each individual property so they simply increase the cost for all of them.

In some areas near me, where they built on flood plain, they raised the ground level to ensure the new properties and then, surprise surprise, other properties in the area which had never flooded before suffered.  Building of homes on flood plains should simply be banned.