Home
CarTravelPetSmall businessLifeBreakdownBrandFebruary 2005
221 VIEWS
 |
Download PDF | |
Download Word doc |  |
 |
MORE TH>N COMMENT ON THE ABI’S ‘MAKING COMMUNITIES SUSTAINABLE’ REPORT
John Hollis, Home Insurance Manager for MORE TH>N said: “We have been working hard to ensure that customers have been treated fairly when it comes to assessing the risk of flooding. Land for building is limited and it is therefore essential that planners and developers take serious note of flood risks in growth areas if we are to avoid potential for subsequent increase in the cost of flooding.
“From an insurers perspective we want to continue to offer flood insurance to as many people as possible. Therefore, we fully support broader discussion and actions at the planning stage, rather than facing issues in the years ahead over the availability of insurance cover.
“Greater foresight will help ensure peace of mind for future generations of households.”
How does MORE TH>N assess risk?:
MORE TH>N has been using a sophisticated geographical risk analysis tool covering every property in the country for the last couple of years to ensure that all customers are treated fairly.
The MORE TH>N digital mapping tool is based on the company’s own geological engineering risk techniques, combined with digital terrain mapping and address verification information from Ordnance Survey and a Geographical Information System supplied by ESRI (UK) Ltd. The model is continually updated to reflect improvements in flood defences.
Many homeowners are unable to find suitable insurance cover against flooding even if they are not in a flood risk area, because their insurance company may only looks at information at an “outward” postcode level e.g. BN1 rather than at a full postcode level e.g. BN1 3AD. Outward postcodes typically comprise 300 properties on average whereas full postcodes narrow this down to 15 properties. MORE TH>N are therefore able to offer household insurance to people priced on an individual basis, providing ‘fairer premiums’ for homeowners.
For further information please call Alison McCulloch on 020 7337 5728
CONTACT: Carmel McCarthy >
SHARE THIS ARTICLE: WHAT DOES THIS MEAN? 
To register, go to:
http://www.stumbleupon.com/sign_up.php >
For more information:
http://www.stumbleupon.com/ >
To register, go to:
https://secure.delicious.com/register >
For more information:
http://del.icio.us/ >
To register, and for more information, go to:
http://www.facebook.com/ >
To register, and for more information, go to:
http://www.reddit.com/ >
