Flood Re

Flood Re is a joint initiative between the Government and insurers. Its aim is to make the flood cover part of household insurance policies more affordable.
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About

Flood Re is helping insurers to help householders at risk of flooding. We are 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.

Our Story

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.

During 2024/25 the Flood Re Scheme delivered record support to UK households as reinsurance costs surged and the Scheme’s exposure grew. Now in its tenth year, Flood Re has helped more than 660,000 households secure cover to date – In 2024/25 alone, the number of policies ceded to the Scheme rose by 20% to 346,200.

Contact

75 King William Street

London

EC4N 7BE