Flooding agreement between ABI and the government

Paul Baxter, Director of Commercial and Partnerships at Tescocompare.com, comments: "Today's announcement on flood insurance is great news for consumers and we believe it is another step in the right direction to ensure that the monetary impact of flooding is minimised.

"Getting access to home insurance in flood prone areas can be incredibly difficult, especially for consumers who cannot afford the high premiums quoted to cover the risk. Following today's announcement, all eyes will now be on the industry to see just how much will be done to offer adequate and more importantly affordable insurance to those at risk of flooding.

"In the meantime we urge all consumers to check the details of their existing insurance policy carefully to be sure they are covered should the worst case hit. It is also important that when shopping around for a new quote all facts are filled in correctly and truthfully, including information on previous flooding and distance to the nearest watercourse. If insurers find you have withheld such information - even inadvertently- then it can impact on whether any flood related claim will be paid out or not."
Tescocompare.com allows consumers searching for car insurance or home buildings and contents insurance to compare 25 different policy features - as well as the premium quoted. Comparing on more than just price allows consumers to choose, not just the cheapest policy, but also the one which is right for them.

Tescocompare.com differentiates itself from other comparison sites by the fact that the premium quoted will be the price that consumers pays, assuming they don't change the level of cover they need when they click through to the insurer. Also, the price quoted on Tescocompare.com will be the same or cheaper than if the customer went direct.

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