Flood Re – a ‘flood re-insurance scheme’ that helps householders in need of insurance in flood risk areas



Sue’s Story – a Flood Re Case Study

About Flood Re

In recent years, we’ve all seen how devastating a flood can be. Not only as the waters rise but afterwards too, as people struggle to find affordable insurance for homes.

That’s why the Government has been working more closely with insurers in the UK, delivering a new way of dealing with and offering flood cover on home insurance through a not-for-profit scheme that’s funded by insurers. Flood Re will be in place until 2039 and will:

  • Enable householders to find affordable insurance if an eligible property is at risk of flooding
  • Help tenants to find affordable contents insurance if you live in an eligible property
  • Help local authorities and communities across the UK to be better prepared for flooding
  • Create a ‘level playing field’ for UK insurers, which means they can still offer householders an affordable range of appropriate policies to those homes at risk of flooding.

Flood Re Limited is registered in England and Wales (08670444). Flood Re is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and Financial Conduct Authority (FRN 706046)

Details of the board and executive team can be found on our Insurance Industry site: The people at Flood Re.


How does it work?