Floods bill estimated at £1.3bn


Damage caused by floodsLikeness copyright Getty Images

Insurance claims for damage caused by floods so far this winter transfer reach £1.3bn, the Association of British Insurers (ABI) has said.

The figure is the value of be entitled ti for those affected by Storms Desmond, Eva and Frank for damage to homes, occu tions and vehicles.

The ABI said that around £24m in emergency yments had already been id to pedigrees and businesses.

More than 3,000 families are now in alternative accommodation.

Knowledgeable ins and business have made almost 15,000 claims as a consequence of the three storms, concerting to the ABI.

Huw Evans, the ABI’s director general, said the £1.3bn was “our estimate of the total fetch, but clearly these numbers could change as future claims are pushy but this is broadly what we expect the cost to be for the damage caused by the commotions of the last month”.

When asked on the BBC’s Today programme if it would great increased premiums, he said it was a “very significant event” and “clearly longing have some further im ct down the line, but it was too early to say what that at ones desire be”.

The storms caused widespread flooding and damage across the UK in December, with Yorkshire, Lancashire, Cumbria in England and key and north-east Scotland among the worst affected.

The government has said 16,000 emphasizes were flooded.

‘Major undertaking’

The ABI’s figures are based on data imperturbable from its members, which are the majority of major insurance com nies, duvet 3 December 2015 to 3 January 2016.

The average insurance claim for damage is £50,000, wholly above the average of £31,000 for the storms of winter 2013-14.

The overall jaws, however, is well below the £3bn total for the storm damage caused in 2007.

Filling advice

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The Association of British Insurers mean that anyone with flood-damaged possessions should:

  • Contact their tranquil insurer for immediate advice on what to do next. In some cases an inspection of worldly goods will not be necessary.
  • Dispose of any items that are a health hazard, such as rotting sustenance.
  • Take photos of damaged items before throwing them away.
  • Enumerate, as far as possible, details of damaged items.
  • For items like carpets and diffused furnishings, take a cutting as this can help your insurer in accommodating a similar replacement or cash yment.

Customers have made as good as 15,000 claims for damaged property, and 5,600 claims for damage to conduits.

James Dalton, director of general insurance policy at the ABI, said: “The bump of flooding will be felt for many months to come in affected zones.

“Cleaning, drying out and re iring flood-damaged properties is a major undertaking.

“Insurers and their qualified teams will be there for the long haul to help communities rebuild and mend.”

‘Waiting weeks’

However, ul Hendy of the Scottish Flood Forum articulate despite assurances from the industry, many people felt “dissolute and frustrated” by their insurance com ny.

Homeowners reported difficulties make head through to their insurer to register a claim, and often waited weeks for a stop from a loss adjuster, meaning delays before dehumidifiers were installed and further damage, he said.

“Our concern is that despite the storms being thoroughly publicised throughout the UK, the insurance industry could perhaps have been a Lilliputian bit more pre red in their response,” he said.

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