CETA Managing Director, David Quick, said: “The recent flash floods in Boscastle, Cornwall, act as a salutary reminder to everyone that floods can strike randomly and cause untold damage. It is surprising how many homeowners still do not have adequate buildings and contents insurance cover to protect them financially against such an event.
“It is the responsibility of every financial adviser to check their clients insurance cover, particularly if they live in a high risk area. Insurance cover should not be considered as an optional extra – like alloy wheels on a car – but as an essential part of every mortgage. Cover is usually quick and easy to put in place and provides lasting peace of mind.”
Brokers can check the flood risk status of the region in which their clients are based, by visiting the Environment Agency website at: www.envorinment-agency.gov.uk
