Climate Change will affect our wallets, says Spettro

by | Nov 26, 2009 | Clients in the Media

Coconut Creatives’ client Spettro deals with buildings insurance claims for such eventualities as fire, theft, storm damage, flooding and much more.  Their most recent press release covers the topical issue of flooding.  With so many people affected by the floods of late, it is important to spread the word about Spettro’s services, as they are free to the insured home owner.

New research from the ABI indicates that as global temperatures rise, so will the cost of property insurance and for the UK specifically, the insured cost of flood and windstorm damage could increase significantly.
The experts in climate catastrophe risks, AIR Worldwide Corporation and the Met Office, produced The Financial Risks of Climate Change for the ABI which examines the financial implications of the increasing temperatures on the insured cost of flood and windstorm damage in the UK.

Spettro have over 38 years of experience in dealing with claims for flood damage and are prepared for the oncoming gloom of climate change.  Spettro Limited is regulated by the Financial Services Authority which allows them to loss assess and mediate with all the major insurance companies, a service which is free of charge to the insured.

This study brings to light a shocking potential rise of 14% in annual insured losses from river flooding and flash floods, based on a four-degree rise in global temperatures which could occur as early as 2060.  Windstorm losses are even more threatening with a possible rise of 25% due to changes in ‘storm tracks’, along which cyclones travel.

Mrs Middleton from Surrey points out how Spettro thinks ahead in practice: “I would like to say how pleased I was with the service provided by Spettro, in particular Kevin England who gave me some very helpful advice about what we can do to prevent flooding in the future.  You provided a far better service than the restoration company who were originally appointed by our insurance company, much needed at a stressful time!”

According to the research, the worst affected areas of the UK are likely to be Wales and the south-west regions; for the latter, average annual flood and wind damage insured losses could rise by 29% and 24% respectively.

A Spettro Franchise can put you in a position to take climate change by the horns and with 30 territories sold already, this franchise is a popular choice. Contact Spettro now to request a prospectus on 01883 621047.