The Latest Breaking News from Flood Re

While floods are becoming more frequent in recent years, you should still be able to buy reasonably priced home insurance. That reassurance exists largely because of Flood Re. Launched in 2016, Flood Re is a national public–private reinsurance scheme that prevents many properties from being priced out of cover.

Imagine waking up to find your living room underwater for the second time in five years. You try to claim insurance, only to be told your property is now uninsurable. Premiums have tripled. Your mortgage lender is concerned. And your biggest asset, your home, is rapidly losing value.

Banks may follow suit after UK weather-related claims on home insurance reach new high

Residents suffer “direct financial and mental health” problems

Concerned Tower Insurance's move to risk-based flood pricing would result in a deluge of hard-to-insure properties, EQC Minister David Clark tried to set up a flood reinsurance scheme AS

A London council is calling on the Government to expand its flood reinsurance scheme following a rise in weather-related flooding incidents in the past year.

The new directory can be found on the British Insurance Brokers’ Association’s website and some firms will ‘signpost’ consumers to it.