Some interesting research has been carried out relating to the amount that is estimated is being saved in flood damage here in the UK due to the inland flood defences that have been put in place over the years. The research was carried out by Risk Management Solutions (RMS) on behalf of Flood Re.
The research took into account many thousands of weather event simulations so an awful lot of work has obviously gone into producing the information. The research took into account the situation both without and with flood defences.
You may be surprised at just how much flood damage could be caused inland such as due to rivers breaking their banks. Apparently, it is estimated that with flood defences in place the cost of water damage could amount to around £0.7 billion. However, without flood defences in-situ it is estimated that the cost of damage caused by water could be in the region of £1.8 billion.
That is a huge potential saving of around £1.1 billion as a result of having inland flood defences in place.
An example of the benefit of having flood defences in place can be found in Bewdley, Worcestershire. This small, picturesque Georgian town has the River Severn running through it. For many years, on occasions, the river burst its banks and a significant number of homes and businesses running along the side of the river were flooded causing a great deal of flood damage to buildings and their contents as well as much heartache for the owners of those properties. That was until a few years ago when flood barrier defences were strategically put in place along the side of the river. Since then, there has not been a significant problem with flooding in that location.
Owners of properties within flood risk areas of the UK are likely to be charged more for their buildings cover so it may be a good idea to shop around. In that respect, why not get in touch with us here at AIB Insurance on 02380 268 351 and discuss your requirements with an experienced member of our team who will do all that he or she can to help source suitable, competitive, quality home insurance to cover both your buildings and any contents.
AIB Insurance has been in operation for over 20 years during which time we have grown in so many ways. For instance, we have progressively increased the number of insurance partners on our extensive panel providing our valued personal and business customers with access to a larger, more comprehensive range of insurance products resulting in them having a greater opportunity to obtain competitively priced, quality insurance cover.
This has resulted in a significant increase in the number of customers that we look after on a daily basis. That meant it has been necessary to recruit additional staff to provide our bigger customer base with the outstanding level of service that they have come to expect from us. You only have to take a look at our News section where we introduce our clients and business partners to our carefully selected newly appointed staff members to see what we mean.
Of course, those new staff and the additional office furniture and equipment that they needed have taken up more space meaning that we were outgrowing our current accommodation and required further room. As a result, we are pleased to inform you that we have been able to increase our office space but without having to move from our current location as the premises next door became available and we have signed a new lease.
At the present time, we are having building works carried out around us such as the removal of walls between both sets of offices to create one large premises. We will retain our current address. When the works are completed, we will have doubled the floor area that will also have the capacity to comfortably cope with our anticipated steady growth in the future.
We would just like to take this opportunity to thank our clients, insurer partners, advertising and marketing friends as well as our staff for bearing with us during the alterations. We can assure you all that it is “business as usual” here at AIB Insurance so feel free to continue to give us a call or pop into the office to discuss your insurance requirements.
AIB Launch Classic Car Offering
AIB is proud to announce the launch of our non-standard per...
Airsports Insurance Bureau (AIB) is a trading style of Airsports Insurance Bureau Limited. Registered in England No. 2854801. Airsports Insurance Bureau Limited are Authorised and Regulated by the Financial Conduct Authority, firm reference 312153