Hi all, I'm a first time buyer looking for some advice regarding home insurance. My partner and I are buying a house which is technically located in a flood plain, but at the very edge. Any flooding would have to be fairly biblical to reach it (no issues during the floods last year, for example) and it's officially classified as 'low risk'.
However, I'm looking at the quotes we've received for home insurance and £300 per year of it is because the house is in the flood plain. I understand us having to pay a bit extra on the basis that low risk isn't no risk, but this seems quite steep. It's more than doubling the total cost! I'm guessing that this is just a standard expense that they add to any home within a flood plain regardless of the risk level?
I've had a look around online to see if there's any way we can get a deal which takes into account where the house is actually positioned, but I've just gotten advice for people who are in much higher risk areas. Does anyone know how best to go about doing this please? Any advice would be appreciated!
However, I'm looking at the quotes we've received for home insurance and £300 per year of it is because the house is in the flood plain. I understand us having to pay a bit extra on the basis that low risk isn't no risk, but this seems quite steep. It's more than doubling the total cost! I'm guessing that this is just a standard expense that they add to any home within a flood plain regardless of the risk level?
I've had a look around online to see if there's any way we can get a deal which takes into account where the house is actually positioned, but I've just gotten advice for people who are in much higher risk areas. Does anyone know how best to go about doing this please? Any advice would be appreciated!