Flood Insurance Solutions for Properties at Risk of Flooding
Flood Risk Doesn’t Have to Mean You’re Uninsurable
Obtaining affordable flood insurance is becoming increasingly challenging for property owners, landlords, managing agents and businesses across the UK.
Many insurers now apply large flood excesses, restrict flood cover, or decline to offer cover altogether for properties located in flood-prone areas. This can leave property owners exposed to significant financial risk following a flood event.
The good news is that specialist flood insurance solutions are available.
At Hazelton Mountford, we can help clients explore alternative flood protection options designed specifically for properties exposed to flood risk. Two solutions that may complement existing insurance arrangements are Flood Protect and FloodFlash.
Flood Protect: Insurance for Large Flood Excesses
Many commercial property insurance and block insurance policies still include flood cover but often with substantial flood excesses.
In some cases, property owners may be required to contribute thousands of pounds towards a flood claim before the insurer pays out. For businesses, landlords and property managers, these costs can be difficult to absorb.
Flood Protect is designed to help cover these significant flood excesses.
If your main insurer settles a flood claim and a flood excess applies, Flood Protect can reimburse you up to the selected level of cover purchased under the policy.
Key Benefits of Flood Protect
- Helps fund large flood excesses imposed by insurers.
- Can provide protection even where there is a dispute regarding the amount payable under the primary flood insurance policy.
- Available for properties where traditional flood insurance options may be limited.
- Supports property owners looking to strengthen their flood risk strategy.
Flood Protect can be particularly valuable for:
- Commercial property owners
- Residential block managers
- Industrial units
- Commercial landlords
- Businesses operating in flood-risk locations
FloodFlash: Fast Parametric Flood Insurance
FloodFlash offers a completely different approach to flood insurance.
Instead of assessing physical damage after a flood, FloodFlash uses a sensor installed at the insured premises. The policyholder selects a flood depth trigger and a pre-agreed payout amount.
If floodwater reaches the agreed trigger depth, a payment is made regardless of the actual cost of damage.
This parametric insurance model allows businesses to access funds quickly following a flood event, helping them respond faster and reduce disruption.
How FloodFlash Can Be Used
A FloodFlash payout may help businesses:
- Cover uninsured flood-related costs.
- Support business continuity following flooding.
- Protect cashflow during recovery.
- Bridge gaps where standard flood insurance is unavailable or restricted.
- Access rapid financial support after a flood event.
Because payments are linked to an independently measured flood level rather than physical loss assessments, the claims process is designed to be straightforward and responsive.
Why Specialist Flood Insurance Matters
With flooding and extreme weather events becoming an increasing concern for UK businesses and property owners, it is important to review whether existing insurance arrangements provide adequate protection.
Standard commercial property insurance policies may not always offer the level of flood cover needed, particularly for properties located in higher-risk areas.
Specialist flood insurance solutions such as Flood Protect and FloodFlash can help strengthen your overall risk management strategy by addressing funding gaps that traditional insurance policies may leave behind.
Need Help Finding Flood Insurance for a Flood-Prone Property?
If you’re experiencing:
- Difficulty obtaining flood insurance
- Large flood excesses
- Restrictions on flood cover
- Concerns about insuring a property at risk of flooding
Our team can help you explore the options available.
Contact Hazelton Mountford today to discuss specialist flood insurance solutions for your property, portfolio, or business.