The severe weather that brought heavy rain and strong winds across the UK and flooded hundreds of properties this month is estimated to cost in the region of £425m in insurance claims.
Insurance analysts at PwC estimate that damage to homes, businesses and cars just from Strom Dennis last month could be up to £225m.
“There has been far more flood damage from Storm Dennis compared to Storm Ciara – which was mainly wind damage,” said Mohammed Khan, general insurance leader at PwC.
The concern for many homeowners, including buy-to-let landlords, is that the continued rainfall means there was a risk of further flooding; bad news for insurance companies.
Keith Pearlman, a partner at city law firm DMH Stallard and an expert in property-related disputes, commented: “Horrific weather, with the awful prospect of more to come in both the short and longer-term, continues to cause devastation to homes and businesses.
“For those affected by the torrential downpours, immediate contact should be made with their insurers to check if in the most serious incidents of flooding of residential properties, they can be rehoused and that their furniture and belongings are covered by their policy.”
Pearlman advises landlords to “take photos of all property damage, collate evidence of costs for individual items and keep detailed records of ongoing expenditure”.
He added: “Keep a diary of events, it will prove helpful in the weeks to come.”