The UK has experienced an increase in extreme weather events due to climate change, with flooding becoming a pressing concern for homeowners and businesses across the nation. This article explores steps businesses can take to protect themselves, limit losses and avoid insurance disputes in the event of weather damage.
Insurers
Home Insurance Rises due to Adverse Weather and Inflated Repair Costs
The average house insurance premium rose by 4% in the last quarter of 2023 after multiple storms hit the UK, according to ABI. Following widespread flooding across the UK last week, it is thought that premiums could rise again.