The British Insurance Brokers’ Association (BIBA) has worked with government and other groups to launch a customer template that will help homeowners in flood risk properties to present their risk to insurers in order to obtain flood protection.
BIBA and other stakeholders, consisting of DEFRA, Environment Agency, National Flood Forum, Law Society, RICS, local government and the Association of British Insurers, has developed a consistent way of recording and reporting the residual flood risk following installation of property level protection (PLP) measures.
The aim is to provide a single standard way for customers to tell the industry about flood measure work which has been carried out to their property and can be utilised by policyholders who are part of an approved government led flood protection scheme, or indeed individual households in flood zones.
DEFRA aim to roll out this approach to government funded PLP schemes. They also hope that homeowners taking forward their own property level work will adopt this approach.
Steve Foulsham, BIBA Head of Technical Services, said: “BIBA welcomes this approach and believes it will bring benefits to the way customers share information on property level protection with the insurance industry. We are making our members aware of this approach and have asked them to consider this information where it is available and hope that this standard approach will encourage take up of property level property measures.”
The launch of the template coincides with Flood Week which starts on 29th October and is being promoted by the Environment Agency.
