Flood Re helps quarter of a million UK households for home insurance

Flood Re, a not-for-profit, joint initiative created by the Government and the insurance industry, has indicated that over a quarter of a million homes across the UK have benefitted from the re/insurance scheme since it was set up in April 2016.

The Environment Agency has today reported that ongoing river flooding continues to impact communities in parts of South Yorkshire, Nottinghamshire, Derbyshire and Lincolnshire.

The Flood Re scheme helps reduce the cost of home insurance in high flood risk areas. For instance, in Birmingham, 3,049 households are currently benefitting from accessible and affordable home insurance.

Chief executive of Flood Re, Andy Bord said that flooding devastates communities across the UK and is only set to get worse due to climate change.

“The recent very wet weather is a reminder that Flood Re continues to ensure that affordable home insurance is available to that those families living in high flood risk areas,” he added. “Householders in Birmingham should shop around to ensure they are getting the best home insurance deal for them and the right cover for their homes.”

Last week, a new Flood Risk Communities’ Charter was launched at Flood Re’s parliamentary event. The document contains a list of recommendations to ensure that communities feel safe in the face of the flood threats.

Paul Cobbing, Chief Executive of National Flood Forum, said: “We travelled across Great Britain to speak to people exposed to flooding and have used this valuable insight to form our charter.”

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