Insurance Providers claim they use different ways to review risk area’s in Ireland, namely:
a/ Past flood experiences.
b/ Predictive flood models.
c/ They claim they use extensive and on-going research into particular area’s, which are constantly updated and reviewed.
How Insurable is Flood?
1/ Low Risk – 1:200year return period.
2/ Moderate Risk – Between 1:75 and 1:100years return period.
3/ Significant Risk – Greater than 1:75year return period.
In some area’s cover is not available pending implementation of physical flood protection – Future Flood Insurance availability is dependent on closer participation between all stakeholders for sustainable management.