Insurance Companies Check Flood Damage

The video discusses the increasing difficulty of obtaining flood insurance due to frequent flooding, especially in floodplain areas. It highlights potential policy changes that may leave many without coverage, particularly in York, affecting thousands of homes. The video also covers strategies employed by businesses to minimize damage and avoid insurance claims, emphasizing the challenges faced by those in flood-prone areas.

What is the main concern for homes and businesses on floodplains?

• Increasing property values

• Becoming uninsurable

• Rising construction costs

• Decreasing flood occurrences

What could happen if the flood risk area coverage is not renewed?

• More homes will be built in floodplains

• Floods will become less frequent

• Insurance premiums will decrease

• Significant impact on homeowners

How many houses in York could be affected by the policy changes?

• 2000

• 500

• 1000

• 1500

Why do some insured homeowners choose not to make a claim?

• They plan to sell their property

• They are not aware of their coverage

• They have managed to minimize damage

• They want to save money on premiums

What is the fear of homeowners regarding future floods?

• Floods will not affect their property

• They will face challenges without insurance

• They will have more insurance options

• Floods will become less severe