21st December 2015
The total insurance bill in the wake of Storm Desmond is likely to reach £520m according to estimates from the Association of British Insurers (ABI).
The extreme weather which hit the north of the UK over the 4 and 5 of December resulted in major flooding to properties across parts of Cumbria, Lancashire and in the Scottish borders.
Insurers have already helped almost 1,500 families get into alternative accommodation and have so far made emergency payments totalling £2.6m, the trade body has said.
Of the emergency payments made so far, £1.7m has been to domestic customers and £900,000 to businesses while customers have made 23,700 claims for property damaged by either flood or storms.
Just over 4,000 of these claims relate to businesses while further 2,800 motor claims have been received. Overall more than 4,500 initial visits have been made by loss adjusters, who handle the more severe claims.
James Dalton, director of general insurance policy at the ABI, said: “Following Storm Desmond, insurers and their representatives have been there beside those affected to provide practical help and support as quickly as possible. Being flooded is hugely traumatic and insurers have worked round the clock to get the repair process under way, provide immediate payments to people affected and find families somewhere warm and dry to stay.
“The flood waters have mostly receded but for affected families and businesses the impact is going to be felt for months. Insurers and their expert teams will be there for the long haul to help communities rebuild and repair.”