Living in High Risk Areas

Re-Publish this Article

<h1>Living in High Risk Areas </h1><strong> Author: <a href='http://www.articleseen.com/profile_Chris Kouton.aspx'>Chris Kouton</a></strong><br /><p>Whilst there are many things that you can do to reduce the cost of your overall home insurance policy there are still many things that are out of your control. Perhaps the most obvious and fundamental of these is the location of your property. Simply living in a certain area will add pounds onto your policy and whilst you may be able to reduce the costs to a certain extent, there isn’t that much you can do about it. Extreme weather has become an issue for the insurance industry in the wake of the 2007 summer floods. The industry was forced to pay for billions of pounds of damage and refused to insure certain homes in high risk areas. After negotiations with the government the industry relented but costs are still very high in these regions. This means that certain areas have high insurance costs, but there are still things that you can do to reduce the cost a bit. One of the first things is make sure that your house is protected as far as possible from the damage of extreme weather. If you live in a flood risk area make sure that you have as comprehensive drainage around the house and hard floors in the downstairs area. Make sure that you storm-proof your windows and that your roof is in good condition to reduce further damage. Another thing that you can consider doing is changing your excess level. The excess is the amount that you have to pay at the start of any claim and if your excess is high then your premiums will be low. Likewise if your excess is low (thus you pay less on every claim you make) your premiums will be higher. Of course if you make regular claims it’s a case of choosing the right level, whether to save on your premiums, or to save by paying less excess. If you are worried about the area in which you live you can check with the Environment Agency. They will be able to tell you in the face risk of certain weather extremes and most insurance companies will also be able to give you information directly. Once you’re in an area of high flood risk, however, there isn’t a great deal that you can do. If you are moving house and are worried about the area into which you are moving make sure that you check with your insurance company first. Home insurance is a necessary expense, but it doesn’t have to be expensive and you can always reduce your premium in some way. Make sure that you do your research thoroughly and that your policy is closely tailored to your own individual needs. If you are looking for a new home insurance policy take a look at Co-Operative Insurance for some very good deals at the moment.</p><strong>About the Author:</strong><br />We have made our <a rel="nofollow" href="http://www.co-operativeinsurance.co.uk/home">home insurance</a> policies simple at The Co-Operative Insurance.<p> Article Source: <a href='http://www.articleseen.com/Article_Living-in-High-Risk-Areas_1084.aspx'> http://www.articleseen.com/Article_Living in High Risk Areas _1084.aspx</a></p>

Article Source : http://www.articleseen.com/Article_Living in High Risk Areas _1084.aspx

Keywords : home insurance,

Category : Finance : Insurance