One aspect is still the effect of the increase in IPT from 6% to 9.5% imposed by HM Government from 1st November 2015. There is to be a further rise of 0.5% to 10% on 1st October 2016. So, if you were paying £265.00 inclusive, that will now be £273.75, increasing to £275.00 after 1st October.

However, insurance being based on spreading the risk, an additional factor is the creation of Flood Re, a company funded by insurance companies intended to provide flood insurance for properties that might otherwise be uninsurable.

Noble intentions but they do have a knock-on effect by putting everybodys premium up by a few £s.