Guaranteed Rent London | Firm sounds alert on flood damage insurance claims
http://bit.ly/Sn5ekg
Property owners across the country are suffering financial misery as home insurers hike premiums to cover the costs of ongoing flood damage, say drainage expert Drain Claim. Guaranteed Rent London A recent BBC Watchdog programme highlighted the growing problem of home insurers increasing insurance premiums in areas with non-existent flood risks, inflating the bills of low risk homeowners to help subsidise higher risk properties. Guaranteed Rent London It’s a familiar story at Drain Claim, which has received numerous reports from customers of insurance companies raising premiums and changing policy wording to avoid flood insurance claims. As a result, home owners hit by flood damage are needlessly spending thousands of pounds rectifying ruined homes because they do not understand what is covered under their buildings insurance policies, while those living in non flood risk areas have become part of a postcode lottery of rising premiums across the UK. “Inflated premiums at the point of renewal and changes in policy wording are two issues which more and more of our customers are raising with us,” said Drain Claim chief executive David Hayes. “Such behaviour is leaving homeowners across the country in an impossible situation. “Few will risk not having any home insurance and therefore they are being forced to pay exorbitant premiums, often when they are not even living in a flood risk area. Guaranteed Rent London
http://bit.ly/Sn5ekg
Property owners across the country are suffering financial misery as home insurers hike premiums to cover the costs of ongoing flood damage, say drainage expert Drain Claim. Guaranteed Rent London A recent BBC Watchdog programme highlighted the growing problem of home insurers increasing insurance premiums in areas with non-existent flood risks, inflating the bills of low risk homeowners to help subsidise higher risk properties. Guaranteed Rent London It’s a familiar story at Drain Claim, which has received numerous reports from customers of insurance companies raising premiums and changing policy wording to avoid flood insurance claims. As a result, home owners hit by flood damage are needlessly spending thousands of pounds rectifying ruined homes because they do not understand what is covered under their buildings insurance policies, while those living in non flood risk areas have become part of a postcode lottery of rising premiums across the UK. “Inflated premiums at the point of renewal and changes in policy wording are two issues which more and more of our customers are raising with us,” said Drain Claim chief executive David Hayes. “Such behaviour is leaving homeowners across the country in an impossible situation. “Few will risk not having any home insurance and therefore they are being forced to pay exorbitant premiums, often when they are not even living in a flood risk area. Guaranteed Rent London
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