The North of England has been devastated by widespread flooding over the Christmas and New Year period.
Hundreds were left homeless as water levels rose, with homeowners and landlords alike now working with insurers to count the cost of the clean-up operation.
The floods hit just months before the introduction of the Government’s new Flood Re scheme, which will offer households at high risk of flooding affordable cover by adding a surcharge to insurance bills across the board.
However in what is a devastating blow to landlords across England and Wales, properties in the Private Rented Sector will be exempt, as buy-to-let homes are considered a commercial undertaking.
The team behind Flood Re said there are already existing policies available for homes within the PRS, a claim which has been disputed by landlords.
The Residential Landlords Association is now carrying out a survey asking for your experiences of flooding and securing suitable and affordable insurance for homes at risk, ahead of a meeting with industry leaders and civil servants next month.
By sharing this information, you are providing us with the evidence that we need to present a compelling case to the Government that private landlords should be offered the same cover as homeowners.
Richards Jones, policy consultant and company secretary at the RLA said: “Once Flood Re is introduced, which is expected to be in April this year, the PRS is going to be fully exposed to the insurance market.
“There will be no guarantees on prices and flood cover could even be taken away altogether if a property is in a high risk area. Alternatively landlords could be forced to pay high premiums or excesses.
“This would see the PRS in the same position as some of the small businesses we have seen on television in recent weeks which were are not covered by insurance.”
To take part in the survey visit https://www.surveymonkey.co.uk/r/JJVFHNH