Flood risk identified – but what about insurance?

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4 February 2014


Insurability of property deemed at risk from flood is an increasingly high-profile issue affecting the whole of the UK, and as recent revelations over the Government’s Flood Re scheme indicate, there may be a significant number of homes without access to affordable flood insurance.

From February PSG, working with Landmark, can offer a solutions-based report that not only gives more data than basic flood assessments but also promotes an insurance broker that will provide a quote to protect any property against the risk of flood. The report will confirm the ‘insurability’ of the property based on the level of flood risk in the area and will also promote ‘Insure my IIGLU’ who will guarantee* to beat the lenders home insurance quote (where low risk is identified) and will always offer a quote even in high risk areas.

 

Chris Taylor, Product Development Director at Landmark says “We have known for some time that flood is a very real issue which affects thousands of people in the UK.  However, now for the first time, Lawyers will be able to raise the issue of flooding with their clients, knowing that a competitively priced insurance solution will be available. This will give greater confidence to all concerned, meaning that fewer transactions are delayed or aborted due to the potential for flooding.”

 

PSG are one of the first providers to make the enhanced Flood Search from Landmark available. Business Development Director Stephen Murray is excited about the addition to their portfolio. “We pride ourselves on being able to offer the ‘complete search service’ and look to add value to the products and services we provide wherever possible.  We believe the addition of the Insurance offering from Insure my IIGLU will be of great assistance to our customers and their clients alike when a flood risk is identified.”

 

*guarantee applies only on the same basis of standard cover

 

For more information on this or any of the other services PSG provide contact customerservices@propertysearchgroup.co.uk.



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