see an extra levy which will benefit threatened households without
exposing insurance companies to further risk. This has happened
in response to indications that flood insurance is not sometimes
realistically accessible by those living in areas of high risk,
in other words insurance companies have been able to cherry-pick
low-risk dwellings for the provision of insurance.
The agreement currently
in force between the government and the industry is known as
the Statement of Principles, and this obliges insurance companies
to include flood insurance as part of their regular package
in most instances. When one considers that a typical home and
contents insurance will cost in the region of £350, whilst
the average cost of flood damage is in the area of £20,000
to £30,000, it certainly makes sense to have it included.
A flood can be anything
from an inch or less of water covering the floor to a deluge
which forces the occupants out of their home. Even the former
can result in ruined carpets, warped floorboards, damage to
electrics and so on.
any type of policy the cost of flood insurance can vary, sometimes
significantly, between providers. Using an online flood insurance
comparison site will enable potential clients to compare not
only flood insurance prices but also the extent of the flood
insurance cover being offered, which again might not always
be the same.
now compare flood insurance for UK addresses by using the flood
insurance quote comparison websites and companies such as those
shown above. Compare cheaper flood insurance quotes today and
find the best flood insurance cover for your requirements.