Landmark Information Group, the UK’s leading supplier of digital mapping, property, land and environmental risk data, has announced that all of its residential flood risk reports, in addition to those broader reports that carry a flood assessment, now include updated insurability guidance in light of the launch of the Flood Re reinsurance scheme.
Landmark’s RiskView Residential, HomeCheck Professional Flood, FloodSolutions Residence, SiteSolutions Residence and the Know Your Flood Risk reports now include a High, Moderate or Low flood risk rating, and provide a view on whether insurance is both available and affordable for the given address – whether it’s via Flood Re for the most ‘at risk’ properties, or via the general market for the lower risk addresses. Links to Flood Re’s advice pages are also included within the reports.
Rob Phillipson, Sales & Product Director at Landmark Information Group: “More than ever before consumers need clear advice on the level of flood risk at a given address. By being armed with the best possible information, they can make better informed decisions when purchasing a property so they enter a transaction ‘eyes wide open’; we offer a suite of reports to ensure appropriate assessment is available for every type of transaction. Our fully-interpreted desktop risk reports deliver the data in a pragmatic and easy to digest way. They include a simple explanation of what Flood Re is and professional, independent commentary from a flood risk consultant. This combination of data and knowledge will allow consumers to understand flood risk and insurance cover, prior to the completion of the transaction.”
Flood Re is a reinsurance scheme that is launching to help provide access to affordable insurance cover for the homes that are considered most ‘at risk’ of flooding – an estimated 350,000 properties. It will do this by spreading the cost and risk across the entire home insurance industry and will be funded by insurers.