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What does Home Insurance Cover?
Home Insurance covers damage to or loss of the structure and permanent fittings in your house.
What Information Will You Need to Provide
For Home Insurance you’ll need to enter details about:
Are there any circumstances that may mean you cannot get Home & Contents Insurance?
Yes. If your property is in an area which experiences frequent flooding or land slip you will find it hard to obtain insurance. Flats in high-rise blocks and properties in certain parts of the country may also experience problems obtaining cover.
Good Tips on Reducing Your Premium
If you feel that the only way to reduce your premium is to reduce the cover, then think again.
Complaining about a Home & Contents Insurance Broker
The insurance industry is now regulated by the Financial Services Authority.

Will the Risk of Flooding Affect Your Insurance Premium?

Yes it will have big affect on your premium.

In this context we are concerned about drainage problems in the immediate area of your home. Problems caused by rivers, storm drains, encroachment by the sea, water collecting or failing to disperse - in fact any situation where water could enter your home from outside apart from as a direct result of a problem with the structure of your home (e.g. a hole in the roof).

As you will appreciate, floods are particularly destructive events causing enormous damage to both the contents and structure of your home. Indeed, when you buy a property your solicitor will require the existing owners to disclose whether the property has had any previous history of flooding. They may even place enquiries with the Water Company responsible for your area.

The insurance companies also have records of areas which are liable to flooding and in areas of bad flooding, they may well refuse to insure property. This could mean that the property is virtually un-saleable as all mortgage providers insist that a building is insured before they will lend against it.

At the last estimate, in the UK there were 2 million homes built in known flood areas.

You are advised to think very hard and take professional advice before exchanging contracts on any property which has a history of flooding.

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