Quarter of Flood Claims Face Risk of Rejection declared the Sunday Times on 9 March 2014. It found that many household policies contain an exclusion for groundwater-related flood, which is the source of around 25% of flooding in 2014 according to recent figures from the Environment Agency. Policies from Admiral, Esure and Co-op were mentioned in the article.
Direct sellers and websites may highlight the low prices available, but this Sunday Times article simply highlights the benefits of seeking expert advice when buying insurance.A broker understands the risk and can recommend a suitable coverage, and can provide advice and assistance when a claim occurs. It's a shame that it often takes a disaster to highlight the value of the right cover. As the oil fire fighter Red Adair once said,
'If you think a professional is expensive, wait 'til you try an amateur.'