The snappily named Flood Re was officially launched this week on 4 April 2016. The reinsurance scheme has been designed by the government and insurance industry to secure affordable insurance for households in flood risk areas. The government anticipates the scheme may ultimately benefit up to half a million households in areas at high risk of flooding.
Flood Re is a reinsurance company. Homeowners will continue to buy home insurance from insurers or insurance brokers and will not deal with...
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