Money Supermarket.com have conducted research into insurance claims resulting from flooding. In this article they name the UK towns and cities worst hit by flooding. Kevin Pratt from Money supermarket.com says” “It’s much cheaper to install flood defences than it is to repair the damage water can cause”. Installing flood protection can be a worthwhile investment.
They have calculated that the average cost of a claim for water damage is £4,000. Where the property is extensively damaged by the flood water then the average cost of the insurance claim escalates to £180,000. He points out that avoiding having a claim is good for your future insurance premiums too.
This article includes the flood-hotspots and some useful information for protecting your home or business.
Is your location on the list? Read more