Flood insurance - Revision history

Editor at 15:06, 11 February 2022

2022-02-11T15:06:46Z

← Older revision		Revision as of 15:06, 11 February 2022
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	If a property is in a high flood-risk area, there is no guarantee that insurance will either be available, or available at reasonable cost and the new agreement does not change these facts. Information on flood risk is available via the [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].		If a property is in a high flood-risk area, there is no guarantee that insurance will either be available, or available at reasonable cost and the new agreement does not change these facts. Information on flood risk is available via the [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	= Related articles on Designing Buildings =

	* BREEAM Flood risk management.		* BREEAM Flood risk management.
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	* Flood.		* Flood.
	* Flood and Water Management Act.		* Flood and Water Management Act.
		+	* Flood Re.
	* Flood risk.		* Flood risk.
	* Flood risk management plan.		* Flood risk management plan.

Designing Buildings at 08:31, 16 November 2020

2020-11-16T08:31:15Z

← Older revision		Revision as of 08:31, 16 November 2020
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	--[[User:Martinc\|Martinc]]		--[[User:Martinc\|Martinc]]

−	[[Category:~~Water~~]] [[Category:~~Other_legislation~~]] [[Category:~~DCN_Legislation~~]] [[Category:Property_law]] [[Category:Sustainability]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Water]] [[Category:Other_legislation]] [[Category:Property_law]] [[Category:Sustainability]]

Editor at 12:48, 11 November 2019

2019-11-11T12:48:03Z

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−	The twin effects of climate change and development on flood plains have become increasingly problematical for home owners and property insurers. Greater amounts of rainfall generally and more and more exceptional weather incidents have resulted in the insurance industry facing ever-rising flood-related insurance claims. In the UK, summer 2012 was the wettest for a century, in June alone flood claims were running at ~~circa~~ £17 million per day, while in November 2019, floods in Yorkshire and Derbyshire caused widespread misery and damage to property.	+	The twin effects of climate change and development on flood plains have become increasingly problematical for home owners and property insurers. Greater amounts of rainfall generally and more and more exceptional weather incidents have resulted in the insurance industry facing ever-rising flood-related insurance claims. In the UK, summer 2012 was the wettest for a century, in June alone flood claims were running at around £17 million per day, while in November 2019, floods in Yorkshire and Derbyshire caused widespread misery and damage to property.

	All this means that properties in flood-prone areas are increasingly expensive to insure. Some are completely uninsurable.		All this means that properties in flood-prone areas are increasingly expensive to insure. Some are completely uninsurable.
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	--[[User:Martinc\|Martinc]]		--[[User:Martinc\|Martinc]]

−	[[Category:Water]] [[Category:Other_legislation]] [[Category:Property_law]] [[Category:Sustainability]]	+	[[Category:Water]] [[Category:Other_legislation]] [[Category:DCN_Legislation]] [[Category:Property_law]] [[Category:Sustainability]]

Editor at 12:38, 11 November 2019

2019-11-11T12:38:34Z

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	{\|		{\|
−	\| [[File:~~Flood event~~.jpg]]	+	\| [[File:Flood_event.jpg\|link=File:Flood_event.jpg]]
	\|}		\|}

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	* [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].		* [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].
		+
		+	--[[User:Martinc\|Martinc]]

	[[Category:Water]] [[Category:Other_legislation]] [[Category:Property_law]] [[Category:Sustainability]]		[[Category:Water]] [[Category:Other_legislation]] [[Category:Property_law]] [[Category:Sustainability]]

Editor at 12:37, 11 November 2019

2019-11-11T12:37:37Z

← Older revision		Revision as of 12:37, 11 November 2019
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−	The twin effects of climate change and development on flood plains have become increasingly problematical for home owners and property insurers. Greater amounts of rainfall generally and more and more exceptional weather incidents have resulted in the insurance industry facing ever-rising flood-related insurance claims. In the UK, summer 2012 was the wettest for a century, in June alone flood claims were running at circa £17 million per day, while in November 2019, floods in Yorkshire and Derbyshire caused widespread damage to property.	+	{\|
		+	\| [[File:Flood event.jpg]]
		+	\|}
		+
		+	The twin effects of climate change and development on flood plains have become increasingly problematical for home owners and property insurers. Greater amounts of rainfall generally and more and more exceptional weather incidents have resulted in the insurance industry facing ever-rising flood-related insurance claims. In the UK, summer 2012 was the wettest for a century, in June alone flood claims were running at circa £17 million per day, while in November 2019, floods in Yorkshire and Derbyshire caused widespread misery and damage to property.

	All this means that properties in flood-prone areas are increasingly expensive to insure. Some are completely uninsurable.		All this means that properties in flood-prone areas are increasingly expensive to insure. Some are completely uninsurable.
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	If a property is in a high flood-risk area, there is no guarantee that insurance will either be available, or available at reasonable cost and the new agreement does not change these facts. Information on flood risk is available via the [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].		If a property is in a high flood-risk area, there is no guarantee that insurance will either be available, or available at reasonable cost and the new agreement does not change these facts. Information on flood risk is available via the [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].
−
−	~~-----~~
−	~~This page was created by --[[User:Martinc\|Martinc]] 17:05, 10 July 2013 (BST)~~

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 12:35, 11 November 2019

2019-11-11T12:35:28Z

← Older revision		Revision as of 12:35, 11 November 2019
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−	The twin effects of climate change and development on flood plains have become increasingly problematical for home owners and property insurers. Greater amounts of rainfall generally and more and more exceptional weather incidents have resulted in the insurance industry facing ever-rising flood-related insurance claims. In the UK, summer 2012 was the wettest for a century ~~and~~ in June alone flood claims were running at circa £17 million per day.	+	The twin effects of climate change and development on flood plains have become increasingly problematical for home owners and property insurers. Greater amounts of rainfall generally and more and more exceptional weather incidents have resulted in the insurance industry facing ever-rising flood-related insurance claims. In the UK, summer 2012 was the wettest for a century, in June alone flood claims were running at circa £17 million per day, while in November 2019, floods in Yorkshire and Derbyshire caused widespread damage to property.

−	All of this means that properties in flood-prone areas are increasingly expensive to insure. Some are completely uninsurable.	+	All this means that properties in flood-prone areas are increasingly expensive to insure. Some are completely uninsurable.

	Since 2000, in response to the increasing risk of flood damage to vulnerable properties, there has been an agreement in place between Government and the insurance industry (represented by the Association of British Insurers) whereby insurers would continue to offer insurance cover on vulnerable properties in return for guaranteed levels of public spending on flood defences.		Since 2000, in response to the increasing risk of flood damage to vulnerable properties, there has been an agreement in place between Government and the insurance industry (represented by the Association of British Insurers) whereby insurers would continue to offer insurance cover on vulnerable properties in return for guaranteed levels of public spending on flood defences.

−	However this agreement ~~ends~~ in 2013 and ~~has now been~~ superceded by a new agreement ~~to take~~ effect in 2015 under which all homeowners, not just those affected by flooding, ~~will~~ pay ~~£10.50 per annum~~ to help cover the cost of flood damage~~, thereby reducing~~ insurance costs of those directly affected. In fact homeowners have, for some time, been paying this amount, but the arrangement is now being formalised.	+	However, this agreement ended in 2013 and was superceded by a new agreement which took effect in 2015, under which all homeowners, not just those affected by flooding, pay a fixed annual sum to help cover the cost of flood damage. This helps reduce insurance costs of those directly affected. In fact, homeowners have, for some time, been paying this amount, but the arrangement is now being formalised.

−	Insurers ~~will~~ continue to offer renewal terms on vulnerable properties although the premiums will still be high when compared to low-risk properties. The premium differential for equivalent properties in high and low risk areas can be as much as four times.	+	Insurers may continue to offer renewal terms on vulnerable properties, although the premiums will still be high when compared to low-risk properties. The premium differential for equivalent properties in high and low risk areas can be as much as four times.

−	If a property is in a high flood risk area there is no guarantee that insurance will either be available, or available at reasonable cost and the new agreement does not change these facts. Information on flood risk is available via the [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].	+	If a property is in a high flood-risk area, there is no guarantee that insurance will either be available, or available at reasonable cost and the new agreement does not change these facts. Information on flood risk is available via the [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].

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Editor at 15:25, 26 July 2019

2019-07-26T15:25:31Z

← Older revision		Revision as of 15:25, 26 July 2019
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	* BS 851188.		* BS 851188.
	* Environment Agency.		* Environment Agency.
		+	* Factors affecting property insurance premiums.
	* Flood.		* Flood.
	* Flood and Water Management Act.		* Flood and Water Management Act.

Designing Buildings at 07:58, 21 April 2019

2019-04-21T07:58:33Z

← Older revision		Revision as of 07:58, 21 April 2019
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	* BREEAM Flood risk management.		* BREEAM Flood risk management.
		+	* BS 851188.
	* Environment Agency.		* Environment Agency.
	* Flood.		* Flood.

Designing Buildings at 14:05, 29 March 2019

2019-03-29T14:05:40Z

← Older revision		Revision as of 14:05, 29 March 2019
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	* [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].		* [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].

−	[[Category:Other_legislation]] [[Category:Property_law]] [[Category:Sustainability]]	+	[[Category:Water]] [[Category:Other_legislation]] [[Category:Property_law]] [[Category:Sustainability]]

Designing Buildings at 16:14, 12 February 2019

2019-02-12T16:14:06Z

← Older revision		Revision as of 16:14, 12 February 2019
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	This page was created by --[[User:Martinc\|Martinc]] 17:05, 10 July 2013 (BST)		This page was created by --[[User:Martinc\|Martinc]] 17:05, 10 July 2013 (BST)

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* BREEAM Flood risk management.		* BREEAM Flood risk management.
	* Environment Agency.		* Environment Agency.
		+	* Flood.
	* Flood and Water Management Act.		* Flood and Water Management Act.
	* Flood risk.		* Flood risk.
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	* Water engineering.		* Water engineering.

−	=== External references ===	+	= External references =

	* [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].		* [https://www.gov.uk/browse/environment-countryside/flooding-extreme-weather Environment Agency].

	[[Category:Other_legislation]] [[Category:Property_law]] [[Category:Sustainability]]		[[Category:Other_legislation]] [[Category:Property_law]] [[Category:Sustainability]]