Storm and Flood Claims

Insurers advertise that they settle claims quickly! In reality, insurers are keen to settle claims quickly as it potentially reduces the amount they have to pay on the claim. Insurers are also keen to pay “cash”, hoping the lure of money in a recession will reduce their outlay.

The result is the potential for more hidden damage at a later stage that insurers say they have already paid you for. Incorrect or minimal drying can lead to dry rot in joists or partitions, which are only discovered when you come to sell your home. Beware of a quick payout without a complete investigation into the damage caused by a storm or flood.