Important Update: Changes to Flood Cover in Home Insurance

It has been noted that certain Insurers have changed their approach regarding Flood cover under their Home Insurance Policies.

Where Flood was previously optional, it will become automatic for low to moderate flood risk areas for existing and new customers.

For higher flood risk areas the approach varies depending on whether the existing customer previously opted to cover flood or not. As to the premium that would be required for automatic flood cover in high risk areas could make insurance as a whole cost prohibitive, the Insurer has opted to renew these policies without Flood cover. There is always the option for the Insured to explore flood cover being added to the policy at an additional cost if they see fit.

It extends further that rainwater run-off in conjunction with flood water will now be included with the automatic flood cover. This further translates that those Insureds in high-risk areas that do not have flood cover will also not have cover for rainwater run-off if it is combined with flood water. More to follow on this approach.