Landlords: remember flood risk

Advice has been issued to landlords to make sure they find out about any flood risks when purchasing a new property. In particular, it doesn’t have to be in an at-risk area to be in danger: independent research has shown more properties are likely to be affected because of rising sea levels.

The advice from the Association of British Insurers (ABI) is for landlords to check the flood risk on a property before taking out buy-to-let insurance. In particular, the ABI feels that there needs to be greater awareness raised of flooding.

According to an ABI spokesperson, “If you are buying a property, it’s really imperative that you check out the potential flood risk”. And the situation is likely to get worse: independent research commissioned by the ABI shows that climate change is causing sea levels to rise, putting “many more properties at risk in the UK.”

Claims made on landlords’ buildings and contents insurance can be more complicated than simple domestic claims. Morgan Clark has worked with many landlords who have suffered disasters such as fires or floods, ensuring that they receive the settlement they deserve under the terms of their insurance policy. Read more by visiting here.