Prone to flooding just a rumour?

...A flood risk!? What flood risk?

Would you buy a  house build on land which is know to flood?

Water has a natural way it flows, if this is redirected in anyway the consequences for other home owners in the village could be catastrophic.

We'd be interested to find out the insurance implication of developing such a large piece of land, and if this would increases house insurance in the area as a result.