How Does Flood Re Works #Infographic

Published by Web Desk Sunday, February 21, 2016

The infographic below from HomeProtect describes the recent Flood Re initiative, highlighting the basics (who can and can’t claim and which scenarios are covered). Flood Re’s purpose is to promote the availability and affordability of flood insurance. Flood Re is directly accountable directly to Parliament and is funded from a levy on insurance companies like HomeProtect.

- Flood Re launches in April 2016
- It will charge an insurer an excess of only £250 per policy
- 350,000 UK households will eventually benefit from the scheme

Here is a quote from Shane Leivers, Director of HomeProtect, that outlines what Flood Re means for the households that benefit from the scheme:

“At a time when more people are worried about flooding, we think that Flood Re will offer peace of mind for the 350,000 homeowners at high risk. For the first time in a generation, they will be able to get home insurance at an affordable rate. What’s more, those who have traditionally struggled to get acceptable terms will be offered a better choice as more insurers will be open to offering a quote.”

Infographic by: www.homeprotect.co.uk

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