| When your house is located in a flood zone area, | | | | pose as a high risk customer, you can not blame |
| you have to suffer all the consequences that | | | | them and they are not obliged to renew your |
| come with it. Floods may come any time, and | | | | flood insurance policy even though you are an |
| you have to be always be prepared for it. One | | | | existing policy holder of their company. |
| hitch for living in a flood zone is it will affect your | | | | If you are lucky your flood insurance provider |
| flood zone insurance premium. | | | | may renew your policy but even then, do not be |
| Insurance companies are becoming hesitant to | | | | surprised if you will be asked to pay a much |
| give insurance policies to houses located on flood | | | | higher premium since you live in an area hit by the |
| risk areas because it can not have escaped every | | | | recent flooding. This is one of the disadvantages |
| ones attention that parts of the United Kingdom | | | | of living in a flood zone. Even if you want your |
| were severely devastated by floods in 2006 and | | | | home and properties covered by flood insurance, |
| 2007. This will affect insurance providers too | | | | the providers will not be welcoming you with open |
| because if everybody suddenly files for a flood | | | | arms. |
| insurance claim, either they will have to raise all | | | | If you have been a victim of the recent flooding |
| the insurance premiums or they will close shop | | | | in the UK, and have seen your hard-earned |
| before the year ends. | | | | properties and possessions get destroyed before |
| With this, flood insurance providers are appealing | | | | your eyes, calling the flood insurance companies |
| to the government to focus their attention in | | | | to get a cover policy may not be the wisest |
| increasing flood defenses especially in the areas | | | | move. Your chance of getting one is very remote |
| worst hit by the recent floods. Most of the | | | | as the insurance companies are still suffering from |
| standard home insurance policy providers in the | | | | the sting of the countless flood damage claims |
| UK very rarely include flood damage cover. This is | | | | filed before their offices. |
| why you have to ensure your homes and your | | | | There is even the possibility that many of the |
| house contents with flood insurance policy. | | | | existing insurance companies may remove flood |
| Faced with millions of pounds worth of flood | | | | insurance cover from their standard insurance |
| damage insurance claims due to the recent | | | | policies unless the government will do something, |
| severe flooding in the UK, do not be surprised if | | | | like focus on this problem and increases its budget |
| your insurance provider will refuse to renew your | | | | for flood defense. If this happens and the |
| current policy when it expires. This is particularly | | | | government will not make a move, those living in |
| true if you have been a victim of the floods or | | | | the flood zone or those considered as high risk |
| your house is located in the flood zone. | | | | areas will suffer. |
| Insurance firms have a business to run and if you | | | | |