Flood reinsurance
Flood Re is a flood reinsurance scheme which is designed to ensure that people living in flood risk areas can get affordable home insurance.
Unlike other reinsurance companies it is a not-for-profit fund, owned and managed by the insurance industry, and it has been designed to address the specific issue of flood risk.
You don’t need to do anything different when buying your home insurance to access this scheme. You can buy your home insurance in whatever way most suits you. When the cost of the flood risk part of your policy goes above a certain level the insurer may place that part of the policy with Flood Re but you don’t need to be involved with this.
If a flooding incident happens, you only deal directly with your insurer to process and agree the claim. If the insurer accesses Flood Re support to meet part of the costs they will do this as part of administering the claim.
Published on: 29/11/2018