Sales fears over flood-hit property

Sales fears over flood-hit property

Christmas and new year brought misery to thousands of people around the UK with widespread flooding and windstorm damage.

While we have seen some exceptional weather over recent years the scale and extent of the flooding this time round was at times unprecedented.

With more bad weather still to come, flood warnings remain in place from the Environment Agency.

Environment Agency teams have been working around the clock to close coastal flood gates, shore up flood defences, deploy temporary defences, monitor water levels and issue flood warnings. The Thames Barrier has been closed with each high tide and will continue to close to protect people and property along the Thames.

John Curtin, head of incident management at the Environment Agency said: "With several severe flood warnings still in place we would urge people to be prepared by checking their flood risk, signing up to free flood warnings and keeping an eye on the latest flood updates via the EA website and Twitter.

"We have protected some 130,000 properties across the country over the past 24 hours, and the Environment Agency will continue to work around the clock to check flood defences and close tidal gates to protect communities. We would again remind people to avoid coastal paths and promenades which could be dangerous.”

When the waters recede, property owners will face the unenviable task of clearing up the mess.

Some will be trying to put their lives back together without the aid of insurance as many people in areas prone to flooding are struggling to get cover at any premium - or find that even if they have a policy they are unable to claim.

What will happen to these properties in the future? If owners cannot get insurance cover can the properties ever be sold at anything other than a fraction of market value - if at all?

The Government and the insurance industry must work together to deal with this crisis before it is too late.