Article

Environment Agency figures released this June show that a staggering one in six homes are at risk of flooding. More than five million people currently live and work in 2.4 million properties at risk from rivers or the sea, and an additional 2.8 million properties are currently at risk of flooding from surface water¹.

Furthermore, the situation could become significantly worse in the future as heavy rainfalls and rising sea levels resulting from climate change play havoc with our inadequate drainage systems.

Insurers tend to impose higher premiums at renewal on those who have recently been affected by flooding, and it is hard for such policyholders to switch to other insurers – who are unlikely to want to cover individuals who pose greater than average claims risks. Even if you have never been flooded but simply live in an area deemed to represent a high flood risk it could be difficult to get household insurance at a reasonable price.

Arranging such "non-standard" terms can also be very time consuming because most online insurers won’t touch you, and you may have to liaise with an insurance broker. But webmoney , is unusual in offering a quick and easy quote and buy service online to those who live on flood plains or who have been flooded in the past. It will even quote for those who are only considering buying a property because it knows that their mortgage could depend on having insurance in place.

¹ Environment Agency