Costs associated with flooding can be categorised as tangible and intangible. The categorisation of the costs of flooding depends on factors, such as the ease of monetising the impact, when the impacts are felt and for how long (short or long term) and whether the impacts are felt directly or indirectly. In order to place the costs of flooding into a wider context, a brief discussion on the economic costs of flooding is presented in this chapter. However, the focus is on the financial costs of flooding as related to individuals and businesses in the United Kingdom. The intangible impacts of flooding can be more costly than the tangible ones, and they are not ordinarily insurable. Further research is needed to address the assessment of the full costs of the impacts of flooding on households, as this will enhance households' understanding of the costs associated with flooding.
|Title of host publication||Water Resources in the Built Environment|
|Subtitle of host publication||Management Issues and Solutions|
|Place of Publication||Oxford|
|Publisher||John Wiley & Sons, Ltd|
|Number of pages||8|
|Publication status||Published - 21 Mar 2014|
- Economic cost
- Financial cost
- Intangible cost
- tangible cost
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- School of Arch, Tech and Eng - Senior Lecturer
- Construction Engineering and Management Research and Enterprise Group