Over the summer we saw extreme weather conditions which led to numerous instances of flash flooding across London. Unfortunately, some of Vesper Groups landlords were impacted and we found that this was not isolated to properties located close to the river but that the drainage systems overflowed and caused severe damage to many lower ground floor properties. In addition to this we saw many instances of older properties having issues with leaking roofs as a result of heavy rainfall. We handled the repairs and insurance claims for many of our landlords whose properties were impacted. These claims ranged from £2,000 to £11,000. After witnessing the detrimental impact that the adverse weather conditions can have on a property, I would urge you to check that you have adequate landlords/buildings insurance that covers flooding. Insurance starts at only £37 per month (example via British Gas Landlord Insurance) and could save you thousands if your property was to be impacted.
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