Price comparison site bestdealinsurance.co.uk has advised British homeowners against panic buying
home insurance after the recent floods, magazine Mortgage Strategy has reported.
Although insurance premiums are expected to rise after the floods heavily thousands of homes across the UK in July, the website warned that this could lead to careless panic buying.
Andrew Perryman, sales director for bestdealinsurance.co.uk expected many buyers would have a 'knee-jerk reaction' to rising insurance prices and buy the cheapest insurance they can buy without paying attention to other considerations such as the extent of cover.
Particularly after the floods, Mr Perryman urged insurance buyers to consider criteria such as proximity to rivers or flood plains, that have come to the fore in the wake of the recent floods.
'Consumers should never just buy a policy because it looks cheap without first looking in to it fully. Advice from a specialist broker will cost you nothing and will ensure that you have the protection you need to cover any eventuality,' said Mr Perryman to Mortgage Strategy.
To protect your home, look for a policy with the right amount of cover, and check for great value
home insurance from
InsureandGo, call or check online for a quote.