Britons 'should prepare for flooding' - Loans - News - Moneyfacts

News

Britons 'should prepare for flooding'

Britons 'should prepare for flooding'

Category: Loans

Updated: 31/10/2008
First Published: 20/10/2008

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Secured loans holders have been urged to prepare for the possibility of flooding.

Research by Zurich has found that 44 per cent of homeowners do not know if their insurance policies would cover them, while nearly two-thirds feel unprepared for the event.

In addition, 40 per cent of respondents said they did not know where to go for information, despite 62 per cent believing that climate change has increased the risk of flooding in the UK.

The insurer has called for secured loans holders to be better prepared for severe weather and is offering advice on the subject.

Property claims director Anna Fleming remarked: "The increasingly unpredictable nature of the weather … means that there is an urgent need for all homes and businesses to prepare for this risk, regardless of the area they live in."

Last month a survey by the Fair Investment Company found that 38 per cent of people do not have any form of home insurance.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Regulator to take closer look at high-cost credit

When used well, credit can be a viable way to help make ends meet and balance the books – but the problem comes when that credit is of the high-cost variety. The regulator has will be taking a closer look at the sector to see what else can be done.

The payday loan market is still broken

The payday loan market has been under fire a lot in recent years, and as a result, the financial regulator stepped in. But has it made a difference? Unfortunately, it looks as though there’s still a lot of work to be done.

Get a record low rate loan - if you qualify

Competition in the personal loans market is as hot as ever, so much so that one loan provider has slashed rates to the lowest on record – but only to those who fit the bill. The shopping bill, that is…
 
Close