Insurance Companies and Flood Risk: What You Need To Know

Insurance Companies and Flood Risk: What You Need To Know

The frequency and severity of flooding in the UK is on the rise, representing the most significant risk of climate change to the country’s infrastructure. In 2007, the total cost of flooding and coastal erosion to the UK’s infrastructure exceeded £700 million. By 2016, this had risen to £440 million. Global warming threatens a general temperature increase of 4 degrees celsius by the 2080s, with the annual costs to UK insurers to cover flooding predicted to reach £27 billion a year by that decade.

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The importance of transparency and empowering the consumer.

The importance of transparency and empowering the consumer.

It’s vital that homebuyers gain early and comprehensive access to the vital information regarding the property they are looking to buy. If not, they risk being lumbered with a home filled with problems they would much rather have avoided.

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