At FloodSense we offer both Flood Risk Reports and full Flood Risk Assessments. Contact us now for more information.
Flood Risk Report
A Flood Risk Report is an assessment of how likely it is that the property you’re intending to purchase will suffer from flooding at some point in the future. It is estimated that as much as 10% of residential properties are not insurable at standard rates (JBA). A lack of affordable flood insurance can impact a property’s future valuation, mortgage application, and saleability.
The Flood Risk Report isn’t based on a physical inspection but on historical data from the Environment Agency and the Natural Resources Wales agency which report providers use.
Mortgage Lenders do not normally require you to book a flood risk report – it is not among their stipulated property searches – but you will need to inform your Building Insurers if the property has flooded or is in a high-risk flood area. If you fail to inform your building insurer and your home is flooded, you may be at risk of not being insured for losses due to flooding.
FULL FLOOD RISK ASSESsMENT
A flood risk assessment (FRA) is an assessment of the risk of flooding from all flooding mechanisms. It also the identification of flood mitigation measures, and should provide advice on actions to be taken before and during a flood. The sources of water which produce floods include:
For more information
If you would like more information about our Flood Risk Reports, please contact us today. We can answer over the phone or by email, any queries you may have, and send you brochures to see the wide range of options we offer.