Flood Re is helping insurers to help householders at risk of flooding.
Flood Re is a re-insurance Scheme that makes flood cover more widely available and affordable as part of your home insurance.
Flood Re helps households at the highest risk of flooding. We also provide information about taking action to reduce flood risk. Flood Re will run until 2039, at which point insurers should be offering policies based on actual risk to property.
The devastating impact of flooding on a home can take weeks or even months to put right, meaning families often endure the emotional distress a flood brings long after the water level has returned to normal. Repairing homes to the same state they were before leaves them wide open for the next flood – this not only has huge financial costs to householders and insurers, but also has a unique burden on the mental health and wellbeing of families who are affected.
Build Back Better offers householders the chance to install property flood resilience measures up to the value of £10,000 when repairing their properties after a flood. This way the next time the area floods their home will be better prepared to keep as much of the water out as possible. Measures can also be installed so that when water does enter it is easier, quicker and safer for families to clean up and move back in – often in a number of days rather than many months.
Our story so far
The Government’s been working with insurers since 2000 to help make flood risk insurance more affordable.
In 2016, a previous solution was replaced with a longer-term plan. The previous solution was called the Flood Insurance Statement of Principles.
Today, we’re working towards a future in which risk-reflective pricing helps to keep householders’ premiums down.
Flood Re is due to run until 2039.
See our journey since 2016
Our future
Our vision is for a future of affordable flood insurance for all. Flood Re is planned to be in place until 2039 and after this date, there will be a free market for flood risk insurance.
Flood Re leaflets and information
Downloadable assets for Flood Action Week and the Floodmobile.
