Flood Re
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, if he will make an assessment of the potential merits of extending the Flood Re scheme to non-owner occupiers.
Answered by Emma Hardy
The Flood Re scheme allows for insurers to offer discounted premiums to leasehold or landlord owned properties consisting of three or less units where the freeholder/landlord lives in the property. As larger blocks, of four or more units, are classified as a commercial business, the Flood Re scheme does not apply for buildings insurance. Tenants and leaseholders can obtain contents insurance supported by Flood Re, regardless of the size of the block.
There are currently no plans to extend the scope of the scheme, however Defra regularly reviews all policies, including eligibility for Flood Re.
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