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Insurance Costs In Flood Area.

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When the market is right I will be buying a flat.

The area I am looking at has some very minor risk of flooding and as such I would expect insurance costs to be higher.

But if the flat is freehold, and on the upper floors which cant flood, is there still an insurance premium?

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thnk insurance risk is usually based on postcode so it is difficult although not impossible in my experience to have such factors taken into account.

Some insurers have very advanced flood risk based calculations. They can even tell the difference between one side of the road and another where it is on a slope.

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