With another flood season on the horizon, what should property owners look for from a home insurance policy to ensure they are covered?
If you're looking to safeguard your home against the threat of flooding, home insurance cover is vital but you must be careful with the policies you choose. Many providers litter their policies with flood-related exclusions to reflect the increased risk that comes with living in a flood-risk zone.
Those with existing home insurance policies should check its terms and conditions and look for caveats and exclusions. In particular, check the sum insured and that you are sufficiently covering the value of your home and its contents as under-insurance may even invalidate your policy. Check the single item limits on individual contents too, so that you're not left out of pocket attempting to replace a high value commodity.
Check that your home insurance policy offers new for old coverage on items - this will be needed if you want to replace any damaged goods with brand new versions rather than like-for-like items with similar wear and tear.
If you're unsure whether you live in a flood risk area use the Environmental Protection Agency's flood maps and enter your postcode. If you are in a flood-risk zone then premiums are likely to be high so it's worth shopping around with a comparison website and using specialist insurers to find quotes.
To keep your home insurance premiums manageable, take steps to protect your property. Keep it in a good state of repair with gutters and drainpipes cleared regularly so that you don't invalidate a claim. Consider investing in sandbags to place around windows, doors and airbricks.
For gocompare.com/home-insurance cheap home insurance, keep your provider informed when you install flood protection devices. Contact the gocompare.com/home-insurance home insurance company you have a policy with and ask it to suggest defences that could drive premiums down.
No comments:
Post a Comment