Guest fountainhall Posted January 4, 2012 Posted January 4, 2012 Just as we hear that the flooding in the south has got more severe, as suggested earlier the financial impact of the northern and central floods will be on-going. The big international re-insurers are scaling back their exposure to the Thailand. That in turn means one thing: substantially increased flood premiums with more exclusions and deductibles in the contracts for householders and businesses, assuming such cover will indeed be found. So, standby for household premiums to soar Quote
Guest Posted January 4, 2012 Posted January 4, 2012 1 I try to avoid buying houses in areas prone to flooding. 2 For insurance costs, the options are limited. All the consumer can do is either find the most competitive quote & pay up, or just exclude flood cover. 3 Looking for positives, the insurance industry is cyclical & after the tsunami & flooding of 2011, perhaps it might be a good time to buy shares in solvent insurance companies. Quote
