House insurance in Flood zone, listed Gd 2 cob built £1800pa
Discussion
I have ticked all the boxes, Listed, floodzone, cob built it had a £50,000 flood claim in 1999. Since then the stream that caused the flood has had remedial works with walls built up along its length. Since 1999 no flood claims. Although only worth about £650,000 the rebuild cost would be +/- £1m so that is the insured sum. I took over the insurance from the previous owner in 2013. and am paying £1800 p.a.
It comes up by the postcode as being in a flood risk zone although no claims for 18 years. What can I do or who would provide cheaper cover......(NFU not up for it)
It comes up by the postcode as being in a flood risk zone although no claims for 18 years. What can I do or who would provide cheaper cover......(NFU not up for it)
I've never understood these insurance companies that say the rebuild cost is more than the land so actually the land your house is stood on is worth nothing!
On a different note - we live in a property 1706, flood area and the village even ends in ......-in-the-water. I also had quotes of that price from various insurance companies.
Try http://fresh.co.uk
We pay about £500pa inc flood cover. Give them a call and see what they say.
On a different note - we live in a property 1706, flood area and the village even ends in ......-in-the-water. I also had quotes of that price from various insurance companies.
Try http://fresh.co.uk
We pay about £500pa inc flood cover. Give them a call and see what they say.
We have the river Avon running through the garden - again, no flooding history but shows as a flood risk on the map.
We had to have a flood risk report commissioned when doing some planning applications and used this for the insurers. NFU were happy wth it, as was the LPOC insurers (Lark?).
As far as rebuild costs, it bears no relation to current market values as far as I can see, but based on the type of construction. Ours is a mix of stone and brick with some interesting panelling and mantelpieces. The RICS have guides for listed property styles and cost per sq ft. to rebuild, not forgetting the cost of demolition and architect and other professional fees. Ours came in about 20% more than market value.
We had to have a flood risk report commissioned when doing some planning applications and used this for the insurers. NFU were happy wth it, as was the LPOC insurers (Lark?).
As far as rebuild costs, it bears no relation to current market values as far as I can see, but based on the type of construction. Ours is a mix of stone and brick with some interesting panelling and mantelpieces. The RICS have guides for listed property styles and cost per sq ft. to rebuild, not forgetting the cost of demolition and architect and other professional fees. Ours came in about 20% more than market value.
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