Homecheck Professional Flood Report
It is vital that property professionals, homeowners and buyers all understand their level of flood risk. Insurance may become expensive and, even in some cases, unavailable. A lack of affordable flood insurance can impact on a propertyís future valuation, mortgage application and saleability.
Due diligence considerations
Failure to discuss flood risk reports with clients may, if subsequently they suffer flood damage, lead to suggestions that your practice did not carry out adequate due diligence.
Protecting you and your clients
Legal professionals should encourage their clients (whether the purchaser, tenant or the lender) to obtain a desktop flood report, for any property they are considering purchasing or taking a lease of. This will alert them to any potential problems, at a stage when it is still possible to renegotiate the price, research whether insurance cover will be available, and discuss flood resistance or resilience measures.
The Homecheck Professional Flood Report is a desktop, conveyancing-ready flood risk screening report designed to enable property professionals to assess the risk of flooding at residential sites. The report has been significantly enhanced to ensure the clearest risk analysis possible, with the addition of new data sets to provide a comprehensive assessment covering all types of flooding.
Key Features and Benefits
NEW! Insurance Statement: The report includes an invaluable Insurance Statement clearly presented at the front of the report so you can advise your clients if the site is likely to be insurable at standard terms. It is estimated that as much as 10 per cent of residential properties are not insurable at standard rates (JBA). Even those properties in areas deemed insurable by the Government are receiving insurance quotes with their premiums increasing fourfold.
NEW! Clear, upfront guidance: Taking on board market feedback, the report includes clear upfront guidance allowing you to communicate critical information simply and easily. You donít need to be a hydrologist to interpret the results, allowing you to advise your clients with confidence.
NEW! Expert Risk Assessment: The report is backed by the assurance of an independent risk assessment from experienced consultants at Argyll Environmental.
NEW! Flood data from JBA Risk Management: JBA is the largest specialist flood consultancy in the UK and the leading supplier of flood information to the insurance industry and property market. Homecheck contains JBAís data covering risk from:
NEW! EA Historical Flood Events: Understanding past flooding events is useful as part of your assessment of current flood risk at a specific site. If some of those floods were on sites you manage or similar to yours, you could investigate the impacts those floods had to understand the extent to which the community or organisation was prepared and able to respond to those flood events.
British Geographic Survey (BGS) Groundwater: Your clientís donít need to be near a river or the sea to be flooded. This data identifies where groundwater flooding could potentially occur based on the underlying geological conditions.
NEW! Next Steps / Recommendations: As well as indicating the level of flood risk, Homecheck provides you with positive options to help mitigate and manage flood risk on a particular property, enabling you to provide value-added advice to your clients. Propertylevel protection measures, such as door guards and air-brick covers, benefit properties in locations of lower population density where flood defences may not be cost-effective.
Help mitigate your risk by purchasing a Homecheck Professional Flood Report for just £20.00 + VAT. If you wish to find out more about flood risk and its impact, please go to www.homecheckflood.co.uk where you will find case studies, advice and information on the different types of flooding which may put a property at risk.
Including data from:
Sample report - passed
Sample report - further action
Client Care Letter
For more information please contact 0844 844 9966 or email email@example.com
|faqs||terms and conditions||privacy||site map||© Landmark Information Group 2013|