Re flood-risk homes … at last, affordable cover
by Miles Brignall from Environment | The Guardian on (#19WTT)
Government-backed scheme has started offering cover to at-risk householders, but there still are exclusions
Flood Re, the scheme designed to offer affordable insurance to 350,000 UK homes at high risk of flooding, has finally opened for business. But thousands of householders may have to switch home insurer to take advantage.
Developed by the insurance industry, with government backing, Flood Re was set up after insurers said they were no longer prepared to offer universal flood cover to households who had been flooded in the past.
Continue reading...