Axa UK has signed-up to Flood Re’s Build Back Better scheme. It means the insurer can offer customers up to £10,000 above the cost of flood repairs and losses to implement resilience measures such as raised electrical sockets, self-closing air bricks, non-return valves and flood resistant doors. Insurers can claim these additional funds back from Flood Re.

Dermot Kehoe, director of communication and transition at Flood Re, said: “I am delighted that another major UK insurer has come on board. Investing in property level flood resilience measures is proven to lessen the impact of future flooding and enables householders to return to their homes sooner. This will significantly reduce the stress and trauma associated with flooding. It also part of the UK’s response to changing climate.”

Tara Foley, CEO of Axa Retail UK, added: “By placing resilience at the heart of housing and building policy, the insurance industry can collectively reduce the UK’s vulnerability to extreme weather events and help communities reap the benefits of a safer, better-planned built environment.”

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