What is a common rate applied to an excess for flood insurance claims?

In the context of household insurance, particularly for flood insurance claims, a common rate applied to an excess is indeed £250. The excess is the amount the policyholder is required to pay before the insurance cover kicks in for a claim.

Having a lower excess like £250 is often seen in standard policies because it can make the policy more accessible to homeowners who might worry about large upfront costs in the event of a flood. This amount strikes a balance between not being too high for the policyholders to manage while also ensuring that the insurer can effectively handle claim costs.

In some cases, different excess amounts might be offered based on various factors, including the insurer's assessment of risk and the specific terms of the policy. However, £250 remains a typical value often seen in policies, making it a model figure for excess in flood insurance coverage.