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Home Insurance - Flood cover

  • 28-04-2015 3:21pm
    #1
    Admiral
    Registered Users, Registered Users 2 Posts: 141 ✭✭


    Hi All,
    Does anyone know the name of any insurance company that would quote for home insurance for a house in a flood zone?


Comments

  • #2
    Victor
    Registered Users, Registered Users 2 Posts: 78,574 ✭✭✭✭Victor


    There will be two issues:
    * Water-related ones. You will find it difficult, but not necessarily impossible to get flood insurance. If it will only flood once every hundred years, the insurers are likely to accept that risk. If it is every year, they won't. You may find that there will be quirks in water damage insurance, e.g. burst pipes, as it may be difficult to determine what damage is flood damage or not.
    * Non-water related ones. These parts of the policy are likely to be within the normal price range, although subsidence and the like may be affected.

    What can be done to minimise the flood risk? https://www.google.ie/search?q=flood+berm&tbm=isch&tbo=u&source=univ&sa=X&ei=j_E_VdrrJYbn7ga_yIGoCA&ved=0CCAQsAQ&biw=1093&bih=486


  • #3
    Liam McPoyle
    Closed Accounts Posts: 14,846 ✭✭✭✭Liam McPoyle


    Admiral wrote: »
    Hi All,
    Does anyone know the name of any insurance company that would quote for home insurance for a house in a flood zone?

    Has your current insurer told you you are in a flood zone?

    If so then chances are you wont get anyone to cover it Im afraid.

    We use a geo-coding system that most insurers use and there are 3 risk zones, amber, red and black.

    Black is an auto decline for flood, red is 99/100 a decline and amber can be 50/50 depending on remedial works, height above sea level, likelihood of flood occurring again etc.


  • #4
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Unfortunately many of them use the same council maps- which are often plagued with inaccuracies and or invalid presumptions. I live on a hill that has never flooded. However, as its in the middle of an area that has historically had flooding issues- no cover for me. I have separate buildings cover (via the Management Company)- but wouldn't be able to procure private cover.


  • #5
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,852 Mod ✭✭✭✭Henry Ford III


    Admiral wrote: »
    Hi All,
    Does anyone know the name of any insurance company that would quote for home insurance for a house in a flood zone?

    Your user name and question just made me laugh loudly :D


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