Following negotiations between the Government and the insurance industry, proposals published last year stated that the most valuable properties (categorized as Council Tax Band H) will not qualify for the obligation on insurers to provide flood-risk cover.
For owners who fall into this category, Victoria Davies, a property lawyer at Harbottle & Lewis (020-7667 5000) has these recommendations. ‘Owners could undertake works to reduce the impact of flooding and ask insurers to take such measures into account in their quotations.
‘Flood Risk Reports (which insurers use) are often generated automatically, so check to see whether it takes into account any recent improvements to flood defences. We have experience of a buyer providing more up-to-date information, which allowed the purchase to go ahead where the previous risk profile had put mortgage funding in jeopardy.'
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How high is this mountain? It's the Country Life Quiz of the Day, October 27, 2025Happy Monday, here's your quiz of the day.
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A portrait featuring a string of pearls stolen in one of Britain’s most notorious jewellery heists is going under the hammerA portrait by Philip de László features a headline-making pearl necklace that was stolen, recovered and stolen again — and it's coming up for auction this week.
