Building your dream home beside a water body or a beach front is a nice scene to behold. However, such homes come with a lot of risks.
Homes or properties situated near water bodies might be hit with floods if there are heavy rains and the water from the river overflows hence the need to sign up for a flood insurance for your home.
What is Flood insurance?
Flood insurance is a type of insurance that protects homeowners and renters from financial losses due to flooding.
If you are living in the United Kingdom, flooding can be a significant risk, particularly in areas that are located near rivers, coasts, or low-lying areas.
There is therefore the need for property owners who have buildings located near rivers, coasts, or low-lying areas to sign up for flooding insurance.
Companies That Offers Flood Insurance in the United Kingdom
- Flood Re – Flood Re is a government-backed scheme that was established in the year 2016 to provide affordable flood insurance to homeowners in high-risk areas.
- Aviva – Aviva is a major insurance company in the UK that offers flood insurance.
- Direct Line – Direct Line is another major insurance company that offers flood insurance in the UK.