How are the premiums set for ceded policies to the scheme?
The Premiums charged by Flood Re to insurers vary by the Council Tax band of the property. Flood claims on the ceded policy come with a fixed excess of £250 per claim. The table below provides details of the 2019/20 inward reinsurance premiums for properties ceded to the Flood Re scheme, which from 1st January 2019 were reduced for the majority of bands:
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