If you live in a high-risk flood area, you’ll probably want to take a landlord insurance policy with flood cover included, just to be on the safe side. Before you find out about the what’s covered in the policy, here’s some flood statistic.
Do you know there are more than 5.0 million people in England and Wales live in a high-risk flood area, now that’s a lot of houses. This means that one in every six homes is at risk from flooding.
This means they’re now 5.2 million properties now at risk of flooding in England, that’s why landlord insurance including flood cover is necessary.
Rain; there was enough to fill a river in 2012, actually there was 1,330.7mm, just 6.6mm short of 2000. It’s really clever how they measure this and how they can make home safer with this information.
Now we can explain the benefits of this cover and what the cover will pay out if you make a claim.
When you take out a policy that includes flood cover you’ll also need building insurance. This will pay for any damages to the building caused by flooding.
As well as your building insurance, you might want to take on contents insurance to replace the furniture and valuables in your home after a flood.
When you have the proper cover in place, you don’t need to worry about flooding and the cost of repairing the damage. As soon as it happens your insurance company will pay for alternative accommodation if your place is uninhabitable.
The policy will pay the whole amount the property is insured for, if you’ve told them the full value off course. All repairs will go ahead while your living in your alterative accommodation (paid by the insurance company).
Insurance companies are now really good at sorting flooding victims claims and why do it fast. You’ll find the work can take a few months to start, as the water needs to settle down first.
You can use the free landlord insurance comparison form, it compares top rated companies, which cover for flooding and building damage.
Free flood risk check!
You can check if your in a flood area by using Risk Central, you visit them by clicking this link.