Traditionally, it hasn’t always been easy accessing affordable home insurance if you live in an area at high risk of flooding.
Flood Re is a scheme set up between the government and insurance companies to help provide access to home cover. This works by allowing insurers to pass on part of the risk and cost to the scheme, rather than to you.
When it comes to choosing your home insurance, as long as your provider has signed up to the scheme, nothing changes.
This also means that if you previously had a high flood excess on your home insurance policy, we’ll be able to replace this with a standard policy excess. So you aren’t expected to cover any extra cost if your home is damaged by flooding.
Although you’re not required to do anything to access , you can visit the Flood Re website to find specific information on the scheme.