Flood damage hits home

Flood damage has resulted in a massive 1,200 claims in the past week alone, as torrential rain has struck parts of the UK.

According to Abbey, there are an estimated 13,700 claims for flood damage every year in the UK as bad weather strikes. And with climate change expected to make the UK weather more unpredictable in years to come, that figure is likely to rise.

However, Abbey is urging people to make sure that they are adequately covered for flood damage through their insurance policy.

The research also found that as many as 257,000 claims are declined every year because of inadequate home insurance cover, meaning that many people have to pick up the cost of flood damage themselves.

"Buying your home insurance based solely on price may seem like a good idea, but it may also leave you with poor cover and at risk of being underinsured," warned Prasad Shastri, Abbey's head of insurance marketing.


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