r/Glasgow Tools

Title
Author	callsignhotdog
Comment	Ground floor/basement or first floor and above? Mortgage providers shouldn't be fussed, as long as you can get insurance. Insurers might be a different matter. Some insurers will base it on their own historic data, some will have a general exclusion for certain flood risk areas, some will have that exclusion but make an exception if you're above the ground floor, and some will only ask if your property has ever suffered flooding before. Best thing you can do is do a quote for cover on a comparison site. Answer all questions honestly and you'll get a list of insurers who are willing to cover the area. Then ring up the top three or so and ask them to confirm if they can cover it based on the specifics. There's also a Government scheme called FloodRe that basically works with insurers to reduce their risks and help owners get cover, that might be a good place to go for info - [https://www.floodre.co.uk/](https://www.floodre.co.uk/) As for the mining area stuff, most of the same advice applies. There's actually Government legislation that says they'll cover it in the event of subsidence due to mining activity so most insurers are happy enough with mining subsidence areas. Again, get quotes on a comparison site then call the top three or four to discuss the specifics. If they give a quote on the comparison site, you know they cover that postcode so the biggest hurdle is already cleared.
Reddit Link	https://www.reddit.com/r/glasgow/comments/b2v0sq/buying_a_flat_on_a_historic_flood_area/eivdgd6/
Created	Tue 19th Mar 2019 11:54am
Status	()

Ground floor/basement or first floor and above?

Mortgage providers shouldn't be fussed, as long as you can get insurance. Insurers might be a different matter. Some insurers will base it on their own historic data, some will have a general exclusion for certain flood risk areas, some will have that exclusion but make an exception if you're above the ground floor, and some will only ask if your property has ever suffered flooding before.

Best thing you can do is do a quote for cover on a comparison site. Answer all questions honestly and you'll get a list of insurers who are willing to cover the area. Then ring up the top three or so and ask them to confirm if they can cover it based on the specifics.

There's also a Government scheme called FloodRe that basically works with insurers to reduce their risks and help owners get cover, that might be a good place to go for info - [https://www.floodre.co.uk/](https://www.floodre.co.uk/)

As for the mining area stuff, most of the same advice applies. There's actually Government legislation that says they'll cover it in the event of subsidence due to mining activity so most insurers are happy enough with mining subsidence areas. Again, get quotes on a comparison site then call the top three or four to discuss the specifics. If they give a quote on the comparison site, you know they cover that postcode so the biggest hurdle is already cleared.