Search
  • tayla166

Insurance pay outs to help customers recover from Storms Ciara and Dennis set to top £360m

Insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £360 million according to initial estimates out today from the Association of British Insurers (ABI).


Insurers made initial emergency payments of over £7.7 million to help flooded homeowners and businesses in the immediate aftermath of the flooding and wind damage, with repairs to many properties now under way. They have also arranged and paid for emergency temporary alternative accommodation for families whose homes are uninhabitable.


Initial ABI estimates show payouts from Storms Ciara and Dennis that struck in quick succession: Total payments to customers estimated at £363 million and a total of 82,000 claims have been received for flood and wind damage. Of these, 64,300 were for damaged homes and possessions, 10,600 for businesses and stock, with 7,100 relating to damaged vehicles.


Mark Shepherd, ABI’s Assistant Director, Head of General Insurance Policy, said “Insurers’ first priority when bad weather strikes is always to help customers recover from the traumatic experience as quickly as possible. With some properties still under water, making emergency payments and arranging emergency alternative temporary accommodation or trading premises is very much a live issue.


When the flood waters recede, the hard work begins. Insurers and loss adjusters will continue working around the clock to ensure homes and businesses are fully dried out, so that repairs can start as soon as possible, and people can get their lives back together.”

0 views0 comments

Recent Posts

See All

Extent of decline in UK home insurance claims

A study examined the decline in home insurance claims during the March 23 to May 31 coronavirus lockdown and found the following drop rates for the period, along with the corresponding ‘savings’ estim

Home Insurance and building works

Find out how making home improvements, building an extension and converting a loft or basement can affect your Home Insurance. Rather than moving, many people choose to improve their home, often to in

A Few ways you may be invalidating your insurance

Buying insurance means buying peace of mind. If anything unexpected happens to rock your finances or your family, you at least know that there’s a certain amount of protection in place to help you pic

Oncover Insurance Services Limited is authorised and regulated by the Financial Conduct Authority (FCA).  Our FCA Register number is 306045. The FCA's register can be accessed through www.fca.org.uk/register. We are covered by the Financial Ombudsman Service (FOS).  See their website https://www.financial-ombudsman.org.uk/ for further information. Registered in England & Wales under Company no. 04036567. Registered address: 89c College Place London NW1 0DR.