What type of water causes problems with insurance?

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We’re thinking of buying a house which is about 200 metres from a large pond. When trying to buy home insurance, will this be a problem or do they only take into account flowing water?

  1. Reply
    April 18, 2012 at 10:05 pm

    You’ll have to let the insurance company know you live close to water (even a pond), and they will assess the flood risk to your house.
    If you don’t tell them, it will invalidate your policy – even if the claim’s not for flood damage.

  2. Reply
    April 18, 2012 at 10:16 pm

    if the highest possible elevation of the pond is downhill from the home, it should be no problem. otherwise, it has the potential, which is what IC’s look for.

    be honest with the agent. saves trouble later.

  3. Reply
    Joey M
    April 18, 2012 at 11:10 pm

    For a standard homeowners insurance policy, it doesn’t matter if you live next to a pond, because you won’t have flood coverage anyway. If you are looking to purchase flood insurance, it will matter.

  4. Reply
    April 18, 2012 at 11:56 pm

    Most insurers aren’t too concerned with a pond because most types of damage a pond could cause to a house are excluded. Water seepage or leakage is excluded, as is wind driven waves, rot, rust, corrosion, fungi, damage caused by ground water or caused by ice build-up.

  5. Reply
    April 19, 2012 at 12:15 am

    Ponds are usually not an issue as not free flowing, however if it bursts its banks how much damage could it potentially do? I would go on http://www.environment-agency.gov.uk and enter potential postcodes as this will tell you any risk of flooding, any past flooding and any defences put in place.

    Hope this helps.

  6. Reply
    Veston Pants
    April 19, 2012 at 12:22 am

    I have never heard so much BS in my life.

    UK; Your insurers couldn’t give a fiddlers fig if you have a pond or not. Answer all the questions they ask. If they ask about a pond then answer it. I have never heard of insurers asking about ponds before.

    xx VP

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