Flood Risk – The Impact on Property
Flooding in the UK is on the rise. Reports of flooding are now on average twice as frequent as they were 100 years ago, and experts are predicting a significant increase in flood risk in the coming years. The causes: changing weather patterns, the amount of new development on low-lying areas, and other local factors such as the condition of drainage systems.
Environment Agency figures show that of the 28 million homes in the UK, 5 million are currently ‘at risk’, together with 300,000 business premises. The cost implications to the insurance industry and key stakeholders are massive. In this programme we look at the impact of flood risk on the value and insurability of property.
You can read more about this and view an informative video over on NBS TV.