If your home is situated in one of these areas, you might encounter problems when it comes to insurance. If there is a known risk of flooding, for example, an insurer may impose specific conditions about the precautions you must take to mitigate any loss or damage, or – more probably – impose a much higher excess on any flood-related insurance claim you may make.
 
The excess on flood-related claims may be in addition to and a different level to the compulsory excess relating to other types of claim on your home insurance.

Flood Excess

In order to secure insurance for your home, you may well accept the imposition of an additional level of compulsory excess in the event of flooding.
 
Any excess on the different parts of your home insurance policy may seem a small price to pay for the peace of mind that adequate cover may bring – until that is, you need to make a claim and have to find the full amount of any excess you have to contribute to the settlement of that claim.
 
That same rationale may as easily apply to any flood excess your insurer requires you to accept.

Home Excess Insurance

In order to guard against precisely such an obligation, it is possible to arrange separate, standalone insurance to cover the excess itself.
 
Excess insurance like this is available from specialist providers such as us here at Bettersafe.
 
When arranging such cover moreover, you might want to take into account that it covers any kind of home insurance excess – including any excess on flood-related claims.
 
At its simplest, therefore, your home excess insurance is also flood excess insurance – provided, of course, that the excess insurance you have arranged covers the full amount of the excess applied.

Excess & Insurance Premiums

When arranging your home insurance you are likely to be required to agree to a compulsory excess – the value of which may vary from one type of claim to another. You are also likely to be offered an additional voluntary excess in return for a reduction in the premiums you need to pay.
 
Normally, you might be reluctant to accept responsibility for a significant additional excess in case you need to make a claim at some time and then be required to pay the full amount of excess. If you have home excess insurance – which includes flood excess insurance – however, you might be considerably more relaxed about assuming responsibility for an increased excess in the knowledge that it is safely covered.